Capacity price prediction in the German Reserve Control market with AI : Work focused on Secondary Control Reserve capacity price prediction in Germany, supported by Artificial Neural Network

ISBN-13: 9786202221306 / Niemiecki

Andreas Esser

Opis

The German electricity Transmission System Operators are sourcing their demand of Secondary Control Reserve (SCR) in a single-round pay-as-bid auction. Rational bidders are regarding both their costs for the SCR provision and an estimate of the maximum achievable auction price in order to maximise their revenues. Such price estimation is a complex game theory problem and cannot be done analytically. In this work, a Multilayer Feedforward Network is used for capacity price estimation in the German SCR market. A high forecast quality is achieved by using a Genetic Algorithm for topology optimization of these networks. The forecast quality of the developed approach is compared with an Ordinary Least Squares linear regression model.

O autorze

Esser, Andreas
Andreas Esser has been working in the German energy industry since 2008. His major focus is the technical and commercial optimization of electricity and gas grids. In 2017, he became managing director of the German consultancy KVK which is supporting DSOs in the continuously increasing regulatory challenges.