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Autonomous bidding on the day ahead electricity market 13 September Peter Goudswaard

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Page 1: Autonomous bidding on the day ahead electricity …...AgroEnergy timeline Founded by Rabobank & LTO 2001 100% subsidiary of Eneco 2006 first APX deal Introduction BiedOptimaal 2014

Autonomous bidding on the day

ahead electricity market

13 September Peter Goudswaard

Page 2: Autonomous bidding on the day ahead electricity …...AgroEnergy timeline Founded by Rabobank & LTO 2001 100% subsidiary of Eneco 2006 first APX deal Introduction BiedOptimaal 2014

AgroEnergy timeline

Founded byRabobank & LTO

2001

100% subsidiaryof Eneco

2006

first APX deal IntroductionBiedOptimaal

2014

Energy Management

20182010

Intraday trade

Energy cooperative

Self service trading portal

first OTC deal

Data drivenEnergy management

BiedOptimaal Intraday

Autonomous GreenhouseChallenge

Page 3: Autonomous bidding on the day ahead electricity …...AgroEnergy timeline Founded by Rabobank & LTO 2001 100% subsidiary of Eneco 2006 first APX deal Introduction BiedOptimaal 2014

1. Click to edit Master text

styles

• Mostly family business; producing

vegetables & flowers

• Energy: ~30% of total costs

• Decentral electricity production: 8% of

total Dutch power generation

• Digitalisation is still limited but growing

Our customers

Page 4: Autonomous bidding on the day ahead electricity …...AgroEnergy timeline Founded by Rabobank & LTO 2001 100% subsidiary of Eneco 2006 first APX deal Introduction BiedOptimaal 2014

Introduction BiedOptimaal via www.agro-energy.nl/slimme-energieoplossingen/biedoptimaal/

Page 5: Autonomous bidding on the day ahead electricity …...AgroEnergy timeline Founded by Rabobank & LTO 2001 100% subsidiary of Eneco 2006 first APX deal Introduction BiedOptimaal 2014

Growth management vs. energy management

Greenhouse

climate

EPEX, TTF,

Imbalance

Weather

Crop

growth

CHP

BufferBoiler

AssetsSales

Page 6: Autonomous bidding on the day ahead electricity …...AgroEnergy timeline Founded by Rabobank & LTO 2001 100% subsidiary of Eneco 2006 first APX deal Introduction BiedOptimaal 2014

0:00u 24:00uD+110:30u:

Deadline bidding D+2 t/m D+4

?

Daily dilemma: day ahead bid

Decide & bidEach asset/ each hour/ volumes/ bid price/ ask price

Page 7: Autonomous bidding on the day ahead electricity …...AgroEnergy timeline Founded by Rabobank & LTO 2001 100% subsidiary of Eneco 2006 first APX deal Introduction BiedOptimaal 2014

Crop

climate

Weather

0:00u 24:00uD+110:30u:

D+2 t/m D+4

Forecasting energy demand

Forecasting

Page 8: Autonomous bidding on the day ahead electricity …...AgroEnergy timeline Founded by Rabobank & LTO 2001 100% subsidiary of Eneco 2006 first APX deal Introduction BiedOptimaal 2014

0:00u 24:00uD+1 D+2 t/m D+4

Forecasting energy prices

Forecasting

EPEX & TTF

10:30u:

Page 9: Autonomous bidding on the day ahead electricity …...AgroEnergy timeline Founded by Rabobank & LTO 2001 100% subsidiary of Eneco 2006 first APX deal Introduction BiedOptimaal 2014

0:00u 24:00uD+110:30u:

D+2 t/m D+4

Forecasting buffer level

Forecasting

CHP

BufferBoiler

Page 10: Autonomous bidding on the day ahead electricity …...AgroEnergy timeline Founded by Rabobank & LTO 2001 100% subsidiary of Eneco 2006 first APX deal Introduction BiedOptimaal 2014

0:00u 24:00uD+110:30u:

D+2 t/m D+4

Asset optimisation

Optimization problem:

What volume

Make/ buy/ sell?

What price?

CHP

BufferBoiler

Assets/ preferences & contraintsForecasts

Bid advice

Page 11: Autonomous bidding on the day ahead electricity …...AgroEnergy timeline Founded by Rabobank & LTO 2001 100% subsidiary of Eneco 2006 first APX deal Introduction BiedOptimaal 2014

BiedOptimaal

10:30u:

Deadline bidding D+17:00u:

BiedOptimaal

Acquiring settings &

measurements

Forecasting

Optimization

Process chain EnergySpecialist APXgroup

Quality checksBidding & confirmation

Asset control

Stuurbox & climate computer

CHP

BufferBoiler

Page 12: Autonomous bidding on the day ahead electricity …...AgroEnergy timeline Founded by Rabobank & LTO 2001 100% subsidiary of Eneco 2006 first APX deal Introduction BiedOptimaal 2014

Results so far

• Including growers without Agro Energy contract

• ‘Auto pilot’ is used by >95% of users

• From management tool towards full service

• Winner of Dutch Data Science award 2017

Page 13: Autonomous bidding on the day ahead electricity …...AgroEnergy timeline Founded by Rabobank & LTO 2001 100% subsidiary of Eneco 2006 first APX deal Introduction BiedOptimaal 2014

Automation & human interaction

• Optimization beats human experience, but

• Full service only possible by automation

together with monitoring by specialist

• Succes of a forecasting model depends on

acceptance by end user

• Great effort needed in adapting models and

including preferences to satisfy users

Page 14: Autonomous bidding on the day ahead electricity …...AgroEnergy timeline Founded by Rabobank & LTO 2001 100% subsidiary of Eneco 2006 first APX deal Introduction BiedOptimaal 2014

1. Click to edit Master text

styles

Smart heat distribution in clusters

how to utlitise your geothermal source maximal

BiedOptimaal Intraday

Every hour new bid at Intraday market;

optimal positions based on actual buffer levels

Autonomous Greenhouse challenge

Use AI to produce a cucumber crop remotely

(organised by Tencent & WUR)

http://www.autonomousgreenhouses.com/

Next steps

Page 15: Autonomous bidding on the day ahead electricity …...AgroEnergy timeline Founded by Rabobank & LTO 2001 100% subsidiary of Eneco 2006 first APX deal Introduction BiedOptimaal 2014

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