Constructing Bidding Curves for a CHP Producer in Day-ahead Electricity Markets
2014 (English)In: ENERGYCON 2014 - IEEE International Energy Conference, IEEE Computer Society, 2014, 487-494 p.Conference paper (Refereed)
The operation of Combined Heat and Power (CHP) systems in liberalized electricity markets depends both on uncertain electricity prices and uncertain heat demand. In the future, uncertainty is going to increase due to the increased intermittent power induced by renewable energy sources. Therefore, the need for improved planning and bidding tools is highly important for CHP producers. This paper applies an optimal bidding model under the uncertainties of day-ahead market prices and the heat demand. The problem is formulated in a stochastic programming framework where future scenarios of the random variables are considered in order to handle the uncertainties. A case study is performed and conclusions are derived about the CHP operation and the need for heat storage.
Place, publisher, year, edition, pages
IEEE Computer Society, 2014. 487-494 p.
, IEEE International Energy Conference, ISSN 2164-4322
Combined Heat and Power, CHP, bidding curves, stochastic programming, operation planning
Energy Systems Electrical Engineering, Electronic Engineering, Information Engineering
IdentifiersURN: urn:nbn:se:kth:diva-157236DOI: 10.1109/ENERGYCON.2014.6850471ISI: 000343646400075ScopusID: 2-s2.0-84905025278ISBN: 978-1-4799-2449-3OAI: oai:DiVA.org:kth-157236DiVA: diva2:769653
2014 IEEE International Energy Conference, ENERGYCON 2014; Dubrovnik; Croatia; 13 May 2014 through 16 May 2014
QC 201412082014-12-082014-12-082014-12-08Bibliographically approved