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A Two-Stage Stochastic Optimisation Methodology for the Operation of a Chlor-Alkali Electrolyser under Variable DAM and FCR Market Prices

Author

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  • Jens Baetens

    (Electrical Energy Laboratory (EELAB), Department of Electromechanical, Systems and Metal Engineering, Ghent University, Tech Lane Ghent Science Park—Campus Ardoyen, Technologiepark-Zwijnaarde 131, 9052 Ghent, Belgium)

  • Jeroen D. M. De Kooning

    (Electrical Energy Laboratory (EELAB), Department of Electromechanical, Systems and Metal Engineering, Ghent University, Tech Lane Ghent Science Park—Campus Ardoyen, Technologiepark-Zwijnaarde 131, 9052 Ghent, Belgium
    FlandersMake@UGent.be—Corelab EEDT-MP, Flanders Make, 9052 Ghent, Belgium)

  • Greet Van Eetvelde

    (Energy & Cluster Management, Department of Electromechanical, Systems and Metal Engineering, Ghent University, Tech Lane Ghent Science Park—Campus Ardoyen, Technologiepark-Zwijnaarde 131, 9052 Ghent, Belgium
    INEOS Group, 1180 Rolle, Switzerland)

  • Lieven Vandevelde

    (Electrical Energy Laboratory (EELAB), Department of Electromechanical, Systems and Metal Engineering, Ghent University, Tech Lane Ghent Science Park—Campus Ardoyen, Technologiepark-Zwijnaarde 131, 9052 Ghent, Belgium
    FlandersMake@UGent.be—Corelab EEDT-DC, Flanders Make, 9052 Ghent, Belgium)

Abstract

The increased penetration of renewable energy sources in the electrical grid raises the need for more power system flexibility. One of the high potential groups to provide such flexibility is the industry. Incentives to do so are provided by variable pricing and remuneration of supplied ancillary services. The operational flexibility of a chlor-alkali electrolysis process shows opportunities in the current energy and ancillary services markets. A co-optimisation of operating the chlor-alkali process under an hourly variable priced electricity sourcing strategy and the delivery of Frequency Containment Reserve (FCR) is the core of this work. A short term price prediction for the Day-Ahead Market (DAM) and FCR market as input for a deterministic optimisation shows good results under standard DAM price patterns, but leaves room for improvement in case of price fluctuations, e.g., as caused by Renewable Energy Sources (RES). A two-stage stochastic optimisation is considered to cope with the uncertainties introduced by the exogenous parameters. An improvement of the stochastic solution over the deterministic Expected Value (EV) solution is shown.

Suggested Citation

  • Jens Baetens & Jeroen D. M. De Kooning & Greet Van Eetvelde & Lieven Vandevelde, 2020. "A Two-Stage Stochastic Optimisation Methodology for the Operation of a Chlor-Alkali Electrolyser under Variable DAM and FCR Market Prices," Energies, MDPI, vol. 13(21), pages 1-19, October.
    • Handle: RePEc:gam:jeners:v:13:y:2020:i:21:p:5675-:d:437386
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    References listed on IDEAS

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    1. Siavash Asiaban & Nezmin Kayedpour & Arash E. Samani & Dimitar Bozalakov & Jeroen D. M. De Kooning & Guillaume Crevecoeur & Lieven Vandevelde, 2021. "Wind and Solar Intermittency and the Associated Integration Challenges: A Comprehensive Review Including the Status in the Belgian Power System," Energies, MDPI, vol. 14(9), pages 1-41, May.

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