LAPSE:2025.0397v1
Published Article
LAPSE:2025.0397v1
Electricity Bidding with Variable Loads
June 27, 2025
Abstract
Processes increasingly need to consider electricity markets, which shifts the traditional demand side management scope towards a more dynamic nature. Instead of only focusing on day-ahead energy trading, demand-side management scope should be broadened towards being able to support the power grid stability during frequency events. This paper studies an artificial example process, similar to the melt-shop process from the steel industry, highlighting the challenges and opportunities of an energy intensive process. We show the potential benefits of having a battery energy storage system on-site, as well as opportunities in lowering the electricity cost by participating in the bidding process of various ancillary products.
Processes increasingly need to consider electricity markets, which shifts the traditional demand side management scope towards a more dynamic nature. Instead of only focusing on day-ahead energy trading, demand-side management scope should be broadened towards being able to support the power grid stability during frequency events. This paper studies an artificial example process, similar to the melt-shop process from the steel industry, highlighting the challenges and opportunities of an energy intensive process. We show the potential benefits of having a battery energy storage system on-site, as well as opportunities in lowering the electricity cost by participating in the bidding process of various ancillary products.
Record ID
Keywords
Battery Energy Storage Systems, Energy markets, Planning & Scheduling, Price Uncertainties, Renewable and Sustainable Energy, Stochastic Optimization
Subject
Suggested Citation
Harjunkoski I. Electricity Bidding with Variable Loads. Systems and Control Transactions 4:1524-1529 (2025) https://doi.org/10.69997/sct.156162
Author Affiliations
Harjunkoski I: Aalto University, Department of Chemical and Metallurgical Engineering, Espoo, Finland; Hitachi Energy Research, Mannheim, Germany
Journal Name
Systems and Control Transactions
Volume
4
First Page
1524
Last Page
1529
Year
2025
Publication Date
2025-07-01
Version Comments
Original Submission
Other Meta
PII: 1524-1529-1524-SCT-4-2025, Publication Type: Journal Article
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LAPSE:2025.0397v1
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https://doi.org/10.69997/sct.156162
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[v1] (Original Submission)
Jun 27, 2025
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References Cited
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