Glossary

Scenario

Reality or future to be regarded within the simulations. Especially defining what parameters will be considered or have an impact on other relevant parameters, e.g.:

• Prosumer

  • actor type (industry/household)

  • community composition

  • asset composition (e.g. Consumer, PV, PV+Bat, PV+EV)

    • Peak power

    • Power dynamic and volatility

    • Energy demand

    • Flexibility (e.g. Battery, EV-availability)

• Policy regarding network charges

• Policy regarding change of supplier

• Digitization

• Grid expansion

Model

The simulation framework models how individual actors, situated within a electricity network, can trade on a periodic market using specific matching algorithms.

Setups

A setup defines a specific scenario variant given the simulation framework’s model. A setup consists of a parameter configuration, which might include a data set.

• Parameter set:

  • Includes all parameters that define decisions about the specific scenario variant.

  • These might include changing components of the BEST energy trading system. E.g. regarding:

    • Market mechanism

    • Network charges model

    • Conditions for the commercial energy supplier

• Data set:

  • Includes all time series and other reference data files that are used in the simulation of a scenario variant.

Schedule

Time series of energy quantities that is planed to be exchanged with the grid.

• It should take all energy assets at the prosumer site, flexibilities and future market prices into account.

• It currently is based on perfect-foresight but should reflect prediction uncertainty in the future

• Bids and asks are only placed for each next market time slot, but a forecast make sense in order to anticipate prices while managing asset flexibility (e.g. a battery)