Title :
A stochastic unit commitment model for a local CHP plant
Author :
Ravn, Hans F. ; Riisom, Jannik ; Schaumburg-Müller, Camilla
Author_Institution :
RAM-lose edb, Smorum
Abstract :
Local CHP development in Denmark has during the 90´s been characterised by large growth primarily due to government subsidies in the form of feed-in tariffs. In line with the liberalisation process in the EU, Danish local CHPs of a certain size must operate on market terms from 2005. This paper presents a stochastic unit commitment model for a single local CHP plant (consisting of CHP unit, boiler, and heat storage facility) which takes into account varying spot prices. Further, additional technology is implemented in the model in the form of an immersion heater. Simulations are conducted using the spot prices of the years 2001-2003, both with and without the immersion heater included in the model, and the results are compared to the full information case.
Keywords :
cogeneration; power generation dispatch; power markets; stochastic programming; Denmark; feed-in tariffs; local CHP plant; stochastic unit commitment model; varying spot prices; Biographies; Boilers; Cogeneration; Costs; Local government; Power generation dispatch; Power system modeling; Production; Stochastic processes; Wind energy; Denmark; combined heat and power; market conditions; power generation dispatch; stochastic programming;
Conference_Titel :
Power Tech, 2005 IEEE Russia
Conference_Location :
St. Petersburg
Print_ISBN :
978-5-93208-034-4
Electronic_ISBN :
978-5-93208-034-4
DOI :
10.1109/PTC.2005.4524370
