Speaker: Rommert Dekker, Professor, Erasmus School of Economics (ESE)
Erasmus University Rotterdam
Date: Friday, 04-07-2025
Time: 14:00 - 15:00 (EEST)
Location: Online Seminar
Title: Optimising Batteries on Energy Markets
Host: George Tzagkarakis, FORTH-ICS, SPL
Abstract:
As the Dutch “Salderingsregeling”, by which electricity use can be compensated by solar production at other moments, is about to finish on Jan 1st, 2027, there is an increased attention to store surplus electricity in batteries. At the same time there is increased volatility in the electricity markets as there are many periods with zero energy prices and higher prices in evenings. This gives arbitrage opportunities for batteries. Finally batteries can be used to stabilize the grid.
In this presentation we cover both probabilistic forecasting of Day-Ahead (and possibliy Balancing market) prices as well as optimizing battery operating strategies under known and partially unknown information. We present work from several MSc students on these problems.
Short Bio: Rommert Dekker is a professor of operations research, quantitative logistics, and IT at the Erasmus School of Economics (ESE). Professor Dekker currently leads an industry-sponsored research program on service logistics. He has received numerous accolades for his research including ERIM's impact award which honours ERIM researchers who have successfully impacted management practice and the OR Society's Goodeeve medal for best applied paper. Professor Dekker began his career working at Shell Research. During his seven years at the company he published over 100 papers on topics including reverse logistics, service logistics, inventory control, maintenance optimisation, container logistics and transport optimisation. He was also co-founder of the well-known network for reverse logistics REVLOG.