Integrating electricity price forecasts into building automation

Library of Challenges

Short description: The challenge owner develops and manages building automation systems for large factories/office buildings. The solution should allow integrating the daily electricity price forecast from the electricity retailer into their own software, enabling a more energy and cost efficient building operation.

Market potential: With increasing requirements and energy prices, the market potential for demand side solutions is very high which decrease costs and energy consumption in existing factory and office buildings.

Timing: Solutions are welcome as soon as possible.

Desired result: Increasingly, electricity retailers offer tariffs which provide forecasts of the electricity prices for the next day. The new tool should enable the use of these hourly price forecast data as inputs into the building control software of a specific site. This would increase energy and cost efficiency.

Information on challenge owner: Mid-Cap (250-3,000 staff).

Market presence of challenge owner: Global presence.

Keywords: Building automation; Processing of electricity price forecast data; Energy efficiency and demand side management; Operation of commercial buildings; Beckhoff Automation

type of
Software solution,
Country
Austria
Industry Sector
Greentech
For Who
Company
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