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A New Market Logic Approach for Achieving Load Profile Smoothness in the Swedish Electricity Market : Incorporating Inventory Management Principles for Optimized Battery Operation

As the demand for imported electricity from the grid continues to increase in Södermanland county, achieving a smoother load profile for the overall imports becomes very critical. The utilization of batteries in every type of a company’s infrastructure aims to provide a backup solution when the electric network’s capabilities are unable to support demand for high imported capacities. The current degree project aims to analyse the impact of a New Market Logic, which encourages the prospective stakeholders of a future industrial park to invest in upgrades of their energy infrastructures. Interviews with company employees and literature reviews were used to analyse the conventional energy system according to its power-generating entities, distribution operators, and market norms of electricity. Microsoft Excel was used to simulate a model that aligns with the research goal specifications. Sensitivity analysis was also carried out to provide a better understanding of how different aspects impact the economics and the energy flows. Inventory management theory principles were applied to the design of an integrated battery charging algorithm with the goal of achieving a smother load profile while keeping a low battery capacity. The results indicated a smoother load profile of the companies, followed by a lower intensity in fluctuations during hourly peaks. Further, the author observed a positive economic impact on the yearly cash flows of the companies accompanied with a sustainable investment cost. This was particularly evident when the charges were adjusted according to the norms introduced by the New Market Logic. / <p>This thesis is a part of the integrated Master's studies program at the Department of Mechanical Engineering at the Aristotle University of Thessaloniki. The author had the privilege of completing it in Sweden through the Erasmus+ Exchange program. </p>

Identiferoai:union.ndltd.org:UPSALLA1/oai:DiVA.org:mdh-62317
Date January 2022
CreatorsAntoniadis, Theodoros
PublisherMälardalens universitet, Akademin för ekonomi, samhälle och teknik
Source SetsDiVA Archive at Upsalla University
LanguageEnglish
Detected LanguageEnglish
TypeStudent thesis, info:eu-repo/semantics/bachelorThesis, text
Formatapplication/pdf
Rightsinfo:eu-repo/semantics/openAccess

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