Energy management optimization with battery and solar panels in Finnish electricity market

Abstract

Energy management is an important topic in modern smart grids. Energy management strategies allow to reduce the electrical consumption of microgrid from macrogrid and smooth the graphic of electricity consumption and thus reduce overall costs of electrical energy. This work provides the pipeline for energy management and evaluation metrics for the goodness of energy management strategies based on the overall savings from applying the strategy. Several modern strategies for solving energy management optimization task were described and compared on the historical data of Lappeenranta University of Technology Smart Campus.