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Optimizing industries’ power generation assets on the electricity markets

Martin Coatalem, Vincent Mazauric, Claude Le Pape-Gardeux and Nadia Maïzi

Applied Energy, 2017, vol. 185, issue P2, 1744-1756

Abstract: For historical reasons, many large industrial sites have their own power generation units, either because the site was isolated when it was built or because the local network was not reliable enough to ensure regular production. This can apply to energy-intensive industries like refineries or LNG plants in the Oil & Gas sector, but also to mining plants, metal industries and chemical plants. These generation assets are usually operated in a suboptimal way, the only concern being the safety of the process. The focus of this work is to determine how industrial plant operators can make optimal use of these assets, considering interactions with the electricity markets.

Keywords: Energy management; Electricity markets; Unit commitment; Asset management; Optimization (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:eee:appene:v:185:y:2017:i:p2:p:1744-1756