Industrial CHP Optimal Management in the Energy Market under Incomplete Information

IEEE Innovative Smart Grid Technologies (ISGT Asia 2014) 2014
Priit Uuemaa, Imre Drovtar, Haralds Vīgants, Dagnija Blumberga, Allan Puusepp

This paper investigates the possibilities how to optimize the industrial combined heat and power plant (CHP) daily operations and decision making process. The aim of the paper is to develop a method for an economic optimization of the industrial CHP. The method takes into account the industrial production together with an energy production in order to maximize the global profit for the entire facility. The method utilizes the electricity spot market price variation for the benefit of the market participant.

Keywords
combined heat and power plant; demand side management; energy efficiency; industrial processes.
DOI
10.1109/ISGT-Asia.2014.6873822
Hyperlink
http://ieeexplore.ieee.org/xpl/articleDetails.jsp?arnumber=6873822

Uuemaa, P., Drovtar, I., Vīgants, H., Blumberga, D., Puusepp, A. Industrial CHP Optimal Management in the Energy Market under Incomplete Information. In: IEEE Innovative Smart Grid Technologies (ISGT Asia 2014), Malaysia, Kuala Lumpur, 20-23 May, 2014. Piscataway: IEEE, 2014, pp.383-387. ISBN 978-4799-1300-8. Available from: doi:10.1109/ISGT-Asia.2014.6873822

Publication language
English (en)