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ORGANIZER;CN=ESTAD 2023:mailto:info@metec-estad.com
LOCATION:Room 5
SUMMARY:Aligning production to available energy and cash in on profits from short-term market prices
DESCRIPTION:With increasing share of renewable energy, energy availability will become more volatile. To respect resulting energy consumption constraints from energy providers, to contribute to grid stability and reduce energy costs, we need to forecast energy consumption cross-line in the production planning and scheduling process. This requires product and process specific forecasting models for all operations. PSI Metals applies these models to forecast and optimize cross-line schedules respecting energy availability constraints. Using a KPI driven Qualicision solver, automated energy procurement buys and sells in day-ahead and intra-day trading. This enables easy adaptation to changes in consumption forecasting whenever production plans are altered due to actual situations. It further enables energy procurement to cash in on short-term energy prices. This paper outlines deriving the forecasting models from production and EMS data as well as the combination of detailed forecasting with KPI-driven automated energy trading systems.

CLASS:PUBLIC
DTSTART:20230615T112000
DTEND:20230615T114000
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