Balancing Energy with BoFiT

The training course Balancing Energy with BoFiT comprises a theoretical and a practical part. The theoretical part explains how balancing energy markets function, gives an insight into business processes and looks at compiling bids and bid strategies. In the practical part you will learn step by step how to model balancing energy markets with BoFiT using a realistic example.

Theoretical part

Market rules and market design

  • Why balancing energy? Technical basics, products and markets

Business processes for balancing energy markets

  • Embedding in existing processes, chronology
  • Technical and economic information for compiling a bid

Bid strategies in balancing energy and spot markets

  • Differences between pay-as-bid and unit price
  • Market analyses and retrieval probabilities
  • Evaluating marketing options

Practical part

BoFiT balancing energy module

  • Special BoFiT components
  • Mapping the market, provision and marketing planning

Developing a model using a specific example

  • Finding the right level of abstraction and mapping connections
  • Technical restrictions, creating a roadmap

Handling forecasting uncertainties

  • Variants and scenarios, retrieval profiles, aims of optimization

Target group:

The training course Balancing Energy Markets is intended for specialists in the energy industry who wish to further their theoretical knowledge of balancing energy markets and learn how to map these markets with BoFiT.

 

Your contact person

Stefanie Wendorff

Phone: +49 241 51804-117
E-Mail: stefanie.wendorff@procom.de Get in touch

Further information

Date:
October till December 2019

Location:
Aachen or inhouse

Previous knowledge:
Data Hub BoFiT (basic knowledge)

Price:
950,– € / Person plus VAT

Duration:
1 day (9:00 am - 05:00 pm)

Attendants:
Maximum 8 persons

ProCom Events: Registration Form

ProCom Events: Registration Form

Registration form



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