Optimal scheduling of industrial combined heat and power plants under time-sensitive electricity prices

Sumit Mitra, Lige Sun and Ignacio E. Grossmann

Energy, 2013, vol. 54, issue C, 194-211

Abstract: Combined heat and power (CHP) plants are widely used in industrial applications. In the aftermath of the recession, many of the associated production processes are under-utilized, which challenges the competitiveness of chemical companies. However, under-utilization can be a chance for tighter interaction with the power grid, which is in transition to the so-called smart grid, if the CHP plant can dynamically react to time-sensitive electricity prices.

Keywords: Combined heat and power; Steam and power plants; Scheduling; Electricty pricing; Smart grid; Mixed-integer linear programming (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (57)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:54:y:2013:i:c:p:194-211

DOI: 10.1016/j.energy.2013.02.030

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