16th CIRP Conference on Intelligent Computation in Manufacturing Engineering
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Volume:
118
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Date (published):
Jan-2023
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Event name:
16th CIRP International Conference on Intelligent Computation in Manufacturing Engineering (CIRP ICME ‘22)
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Event date:
13-Jul-2022 - 15-Jul-2022
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Event place:
Neapel, Italy
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Number of Pages:
6
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Publisher:
Elsevier
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Peer reviewed:
Yes
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Keywords:
day-ahead; demand response; demand side management; energy flexibility; energy price volatility; energy-cost-optimization; industry; intraday
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Abstract:
Ongoing electrification on the demand side, a growing share of mostly weather-dependent renewable energy, and the further liberalization of trading lead to increased price volatility of electrical energy. Thus, industrial companies dependent on electrical energy to run production processes need to mitigate the resulting increase in energy costs. Based on Austrian energy pricing and the current market for electrical energy within the synchronous grid of Continental Europe, this paper proposes three basic strategies: (1) reducing the energy demand through efficiency, (2) optimizing energy purchasing through anticipation or determination of the load profile and (3) avoiding load peaks caused by simultaneities.
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Project title:
MFP ("Multi-Firm-Project") 2.3: "Predictive Production System" - Engel Energieeffizienz: 881843 (FFG - Österr. Forschungsförderungs- gesellschaft mbH)
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Research Areas:
Digital Transformation in Manufacturing: 10% Sustainable Production and Technologies: 90%