Make or buy: IT-based decision support for grid imbalance settlement in smarter electricity networks
Abstract Decision (support) systems are a particularly important type of information system to energy informatics. A key challenge in energy informatics is that electricity supply must be in balance with demand at all times. More volatile renewable energy sources increase the relevance of electricit...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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SpringerOpen
2022-10-01
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| Series: | Energy Informatics |
| Subjects: | |
| Online Access: | https://doi.org/10.1186/s42162-022-00217-4 |
| _version_ | 1811335392815742976 |
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| author | Lars Wederhake Simon Schlephorst Florian Zyprian |
| author_facet | Lars Wederhake Simon Schlephorst Florian Zyprian |
| author_sort | Lars Wederhake |
| collection | DOAJ |
| description | Abstract Decision (support) systems are a particularly important type of information system to energy informatics. A key challenge in energy informatics is that electricity supply must be in balance with demand at all times. More volatile renewable energy sources increase the relevance of electricity network balancing, i.e., imbalance settlement. Typically, electricity distribution network operators bought balancing power from external service providers (Buy option). Interestingly, however, more local energy resources help smarter electricity networks develop a Make option, as in our real-world evaluation. Choosing the better decision alternative within the relevant timeframes challenges human decision-making capabilities. Therefore, this research proposes a model-based decision system to improve the operators’ decisions concerning Make or Buy under various levels of data quality represented by availability, granularity, and timeliness. The study reports savings up to 40% of costs for imbalance settlement supporting ambitious development efforts by the municipality we study in our real-world evaluation. |
| first_indexed | 2024-04-13T17:23:24Z |
| format | Article |
| id | doaj.art-b8b2f08a460243f7b2d258e57df32ba3 |
| institution | Directory Open Access Journal |
| issn | 2520-8942 |
| language | English |
| last_indexed | 2024-04-13T17:23:24Z |
| publishDate | 2022-10-01 |
| publisher | SpringerOpen |
| record_format | Article |
| series | Energy Informatics |
| spelling | doaj.art-b8b2f08a460243f7b2d258e57df32ba32022-12-22T02:37:53ZengSpringerOpenEnergy Informatics2520-89422022-10-015112710.1186/s42162-022-00217-4Make or buy: IT-based decision support for grid imbalance settlement in smarter electricity networksLars Wederhake0Simon Schlephorst1Florian Zyprian2FIM Research Center, University of BayreuthFaculty of Business and Economics, University of AugsburgFaculty of Business and Economics, University of AugsburgAbstract Decision (support) systems are a particularly important type of information system to energy informatics. A key challenge in energy informatics is that electricity supply must be in balance with demand at all times. More volatile renewable energy sources increase the relevance of electricity network balancing, i.e., imbalance settlement. Typically, electricity distribution network operators bought balancing power from external service providers (Buy option). Interestingly, however, more local energy resources help smarter electricity networks develop a Make option, as in our real-world evaluation. Choosing the better decision alternative within the relevant timeframes challenges human decision-making capabilities. Therefore, this research proposes a model-based decision system to improve the operators’ decisions concerning Make or Buy under various levels of data quality represented by availability, granularity, and timeliness. The study reports savings up to 40% of costs for imbalance settlement supporting ambitious development efforts by the municipality we study in our real-world evaluation.https://doi.org/10.1186/s42162-022-00217-4Decision systemModel-based decision support systemDistribution networkData qualityGrid imbalance |
| spellingShingle | Lars Wederhake Simon Schlephorst Florian Zyprian Make or buy: IT-based decision support for grid imbalance settlement in smarter electricity networks Energy Informatics Decision system Model-based decision support system Distribution network Data quality Grid imbalance |
| title | Make or buy: IT-based decision support for grid imbalance settlement in smarter electricity networks |
| title_full | Make or buy: IT-based decision support for grid imbalance settlement in smarter electricity networks |
| title_fullStr | Make or buy: IT-based decision support for grid imbalance settlement in smarter electricity networks |
| title_full_unstemmed | Make or buy: IT-based decision support for grid imbalance settlement in smarter electricity networks |
| title_short | Make or buy: IT-based decision support for grid imbalance settlement in smarter electricity networks |
| title_sort | make or buy it based decision support for grid imbalance settlement in smarter electricity networks |
| topic | Decision system Model-based decision support system Distribution network Data quality Grid imbalance |
| url | https://doi.org/10.1186/s42162-022-00217-4 |
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