Optimal Operation of Distributed CHP Systems for Participation in Electricity Spot Markets
- 1 January 2007
- conference paper
- Published by Institute of Electrical and Electronics Engineers (IEEE)
- p. 1463-1469
- https://doi.org/10.1109/eurcon.2007.4400624
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
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