Title :
Optimal Operation of Distributed CHP Systems for Participation in Electricity Spot Markets
Author :
Brujic, Djordje ; Ristic, Mihailo ; Thoma, Konrad
Author_Institution :
Imperial Coll. London, London
Abstract :
An optimisation tool is proposed to determine optimal operation schedule for distributed combined heat and power (CHP) plants which participate in electricity spot markets. It was tested and analysed using realistic data for a heat and electricity demands and their corresponding prices. The results show substantial cost savings compared to the benchmarked alternatives.
Keywords :
cogeneration; power markets; scheduling; distributed combined heat and power plants; electricity demands; electricity spot markets; heat demands; optimal operation schedule; optimisation tool; Cogeneration; Contracts; Costs; Energy consumption; Global warming; Power generation; Resistance heating; Space heating; Trigeneration; Waste heat; Distributed power; Optimal control;
Conference_Titel :
EUROCON, 2007. The International Conference on "Computer as a Tool"
Conference_Location :
Warsaw
Print_ISBN :
978-1-4244-0813-9
Electronic_ISBN :
978-1-4244-0813-9
DOI :
10.1109/EURCON.2007.4400624
