Decision Support for Structured Energy Procurement

Florian Maier, Hicham Belhassan, Nikolai Klempp, Falko Koetter, Elias Siehler, Daniel Stetter, Andreas Wohlfrom

2017

Abstract

Infrastructure operators in Germany such as airports or factories are confronted with rising energy costs throughout the last years and consequently have to reconsider their energy supply and management. This competitive pressure raises the question of an optimal procurement strategy, which takes into account the individual organizational framework and conditions. In the context of the SmartEnergyHub research project this problem was addressed at the example of the Stuttgart Airport by the implementation of a decision support system to manage and evaluate long-term procurement plans. Uncertainties related to future price developments and load fluctuations have been taken into account with the help of a Monte Carlo simulation. Ex-post analysis show, that the cost of hedging has been between 10 - 15 % of stock procurement costs in the investigated scenarios due to falling energy stock prices. This raises the question, how much certainty in budget may cost. The developed software module creates transparency of the cost structure of historic procurements and facilitates the comparison of different future procurement plans with regard to expected costs and risks. The focus of the presented work lies on infrastructure operators, who follow a structured energy procurement strategy based on a long-term contract with a single energy supplier.

Paper Citation

in Harvard Style

Maier F., Belhassan H., Klempp N., Koetter F., Siehler E., Stetter D. and Wohlfrom A. (2017). Decision Support for Structured Energy Procurement . In Proceedings of the 6th International Conference on Smart Cities and Green ICT Systems - Volume 1: SMARTGREENS, ISBN 978-989-758-241-7, pages 77-86. DOI: 10.5220/0006361500770086

in Bibtex Style

@conference{smartgreens17,
author={Florian Maier and Hicham Belhassan and Nikolai Klempp and Falko Koetter and Elias Siehler and Daniel Stetter and Andreas Wohlfrom},
title={Decision Support for Structured Energy Procurement},
booktitle={Proceedings of the 6th International Conference on Smart Cities and Green ICT Systems - Volume 1: SMARTGREENS,},
year={2017},
pages={77-86},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0006361500770086},
isbn={978-989-758-241-7},
}

in EndNote Style

TY - CONF
JO - Proceedings of the 6th International Conference on Smart Cities and Green ICT Systems - Volume 1: SMARTGREENS,
TI - Decision Support for Structured Energy Procurement
SN - 978-989-758-241-7
AU - Maier F.
AU - Belhassan H.
AU - Klempp N.
AU - Koetter F.
AU - Siehler E.
AU - Stetter D.
AU - Wohlfrom A.
PY - 2017
SP - 77
EP - 86
DO - 10.5220/0006361500770086