The University of Melbourne - MAST30034 (Data Science Project)

Energy Market and Battery Optimization

Group Name:

• Group 40

Group Members:

• Kaixin Yu (1118795)
• Lissy Xun (1074284)
• Haonan Zhong (867492)
• Zhi Hern Tom (1068268)
• Jiabao Zhang (1118553)

This project aims to develop algorithms to optimise the dispatch behaviour of a battery based in Victoria. Maximise revenues by charging when electricity prices are low and discharge when prices are high.

Submission

• For submission scripts, please locate mandatory_submission.csv and bonus_submission.csv in results

External Assessment

• Bonus Task Answers: https://www.overleaf.com/7779654939hmtrnchqrhkp
• For PDF file, please locate Group 40 Short Answers.pdf

Dependencies

• Language: Python 3.8.8
• Python Packages/Libraries: pandas, numpy, matplotlib, statsmodels, pyomo, pyutilib, glpk, logging
• To install all the required packages and libraries, please locate the text file requirements.txt

Repository Directory

• code: contains notebook and algorithms for preprocessing, data visualisation and battery optimisation
• data: contains all the preprocessed data
• instructions: contains all instruction given by the instructor
• meeting_minutes: contains weekly logs for the meetings
• plots: contains all plots
• results: contains results of mandatory task and bonus task
• deprecated: contains all the old codes that we no longer use

Reference

• Sandia National Laboratories. (2018). About. Pyomo. http://www.pyomo.org/about
• Sandia National Laboratories. (2017). Pyomo Documentation 6.1.2. Pyomo Documentation. https://pyomo.readthedocs.io/en/stable/
• Sandia National Laboratories. (2016). Pyomo Tutorial. Pyomo Tutorial. https://www.osti.gov/biblio/1376827
• Brent Austgen - UT Austin INFORMS. (2021). Pyomo Tutorial. YouTube. https://www.youtube.com/watch?v=pxCogCylmKs&t=346s
• Free Software Foundation, Inc. (2012). GLPK - GNU Project - Free Software Foundation (FSF). GNU. https://www.gnu.org/software/glpk/
• AEMO. (2021). National Electricity Market (NEM). https://aemo.com.au/energy-systems/electricity/national-electricity-market-nem
• Brakels, R. (2021). How Does 5-Minute Settlement Help Batteries? Solar Quotes Blog. https://www.solarquotes.com.au/blog/nem-5-minute-settlement/