PRE2023 1 Group1
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| Name | Student number | Major |
|---|---|---|
| Marijn Bikker | 1378392 | BAP |
| Jules van Gisteren | BAP | |
Problem statement
The problem that will be addressed in this project is the development of an algorithm that finds the moment the price for electricity is the lowest for electric devices, reducing the amount of money one loses to its yearly electricity bill. With the variable fee of the energy contract, the timing of the use of your electric device matters for the price one pays for the electricity. At moments when the energy generation exceeds the demand of electricity, the price will be low. An smart algorithm putting on the dish washer or washing machine at the moment the price is the best during the night could be profitable. Today, people can already take advantage of the hourly fluctuating prices by watching the costs of a kilowatt