Activity
Master’s Thesis – Development of an electrical grid simulator for energy market analysis.
The objective is to design and develop a comprehensive energy market model that incorporates renewable energy sources, energy storage units, and flexible units within an electrical network. The model should simulate generation, transmission, and flexible consumption, ...
The objective is to design and develop a comprehensive energy market model that incorporates renewable energy sources, energy storage units, and flexible units within an electrical network. The model should simulate generation, transmission, and flexible consumption, thus enabling the determination of locational marginal prices (LMPs) of electricity at network buses. Renewable energy sources (e.g., solar, wind, hydro) are to be incorporated into the generation mix, considering their intermittent nature and variability. Energy storage units (e.g., batteries, pumped hydro) will be used to mitigate intermittency and variability of renewable energy sources, and the control algorithm must accordingly manage storage operation, including charging/discharging and storage capacity management, while considering market prices, grid constraints, and system reliability. Flexible loads are also to be included in the model in order to analyse the benefit that can accrue to the overall system by making demand elastic. Using the developed solution it will be possible to calculate LMPs at network buses based on generation costs, transmission constraints, and demand patterns, enabling the analysis of the spatial and temporal variations of LMPs across different locations in the network, i.e. depending on available capacity and energy demand.
Participation requirements
Students in electrical/energy/industrial/systems engineering looking for a master's thesis
Max. participants: 2
Open for application
Thesis
Synchronous remote
Schedule
17 Feb - 21 Jul 2025
Location
The thesis can be carried out either in person at ZHAW or via synchronous remote supervision (weekly online meetings via Zoom/Teams with supervisor)
ECTS
30 ECTS *
* If you would like to receive ECTS for your home degree program, please clarify credibility of the activity with your local study and degree coordinator beforehand.
Organiser
