Master thesis - Development and application of methods to handle forecast uncertainties in local energy markets

Job Description

Location: Erlangen

Organisation: CT REE ENS DEH_DE

Job Type: full-time, fixed term

Your extra Treasure of experience

How will we travel, communicate, and use energy in the world of tomorrow? Work on the right answers with us. We are looking for bright minds – thinkers with a passion for practical matters. In short, people who can turn their questions and ours into exciting new discoveries. You will find many opportunities to get involved. Seize the chance to be part of our global network, make key contacts, and get your career as well as your personal life on the best track. Our teams are curious to meet you.

Change the future with us

Local Energy Markets (LEM) are a promising concept to harvest the flexibility of small-scale energy systems at the distribution grid level and e.g. reduce costly grid expansion. Energy traded in a LEM is typically traded ahead of the delivery date. Therefore, it is necessary for the participant to forecast the expected demand or generation. Stochastic influences on a small scale, e.g. household level, induce uncertainties and forecast errors. This might lead to penalty costs for the participant for either consuming/producing less or too much energy and decreases the willingness to participate in a LEM.

In this Master-Thesis you will analyze, develop and evaluate methods to decrease the effect of load forecast uncertainties. This could for example be the aggregation of orders of several participants or the adaption of the market mechanisms.

  • You will start with literature research on possible methods to reduce effects of load forecast uncertainties in LEMs

  • Then you focus on the development of new or adaption of existing methods

  • Your next step will be the implementation of the methods in a LEM simulation tool

  • Further you will simulate the scenarios

  • At the end you will evaluate the performance of the investigated methods

Use your skills to move the world forward

  • You are a master student (f, m, d) of electrical engineering, energy engineering, mechanical engineering, energy economics, industrial engineering or equivalent and have very good grades

  • You are highly interested in the energy sector and the transformation of the energy system

  • You are experienced in programming (MATLAB, Python, C# or equivalent)

  • Besides you are proud of your pro-activeness and willingness to learn and to grow

  • Last but not least: you have a very high standard of spoken and written English

Are you interested in working on this topic with us? Then apply now and get on board!

We’ve got a lot to offer. How about you?
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As an equal-opportunity employer we are happy to consider applications from individuals with disabilities.

Job ID: 181584

Organization: Corporate Technology

Company: Siemens AG

Experience Level: Student (Not Yet Graduated)

Job Type: Full-time

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