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Optimal Operation of a CHP Plant for the Energy Balancing Market

In: Operations Research Proceedings 2014

Author

Listed:
  • Katrin Schulz

    (Ruhr University Bochum)

  • Bastian Hechenrieder

    (Ruhr University Bochum)

  • Brigitte Werners

    (Ruhr University Bochum)

Abstract

For energy companiesSchulz, Katrin with a combined heat and power (CHP) plant and a heat storageHechenrieder, Bastian device, the provisionWerners, Brigitte of balancing power provides additional revenue potential. Balancing power is needed to ensure a stable frequency if current generation differs from demand. In Germany, the responsible transmission system operator procures the needed type of reserve energy through an auction. To participate in the balancing market for minute reserve, energy companies have to submit a bid for a certain time frame of the following day that comprises a price and the amount of electricity at which power generation can be increased or decreased considering the expected load. Therefore, capacity allocation for the balancing market has to be considered simultaneously with the uncertain next day’s unit commitment of the CHP plant and the heat storage device. To support energy companies planning their bids, an optimization model is developed to determine the optimal bidding amount based on a forecasted market clearing price.

Suggested Citation

  • Katrin Schulz & Bastian Hechenrieder & Brigitte Werners, 2016. "Optimal Operation of a CHP Plant for the Energy Balancing Market," Operations Research Proceedings, in: Marco Lübbecke & Arie Koster & Peter Letmathe & Reinhard Madlener & Britta Peis & Grit Walther (ed.), Operations Research Proceedings 2014, edition 1, pages 531-537, Springer.
    • Handle: RePEc:spr:oprchp:978-3-319-28697-6_74
    DOI: 10.1007/978-3-319-28697-6_74
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    Citations

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    Cited by:

    1. Gao, Shuang & Jurasz, Jakub & Li, Hailong & Corsetti, Edoardo & Yan, Jinyue, 2022. "Potential benefits from participating in day-ahead and regulation markets for CHPs," Applied Energy, Elsevier, vol. 306(PA).
    2. Skalyga, Mikhail & Amelin, Mikael & Wu, Qiuwei & Söder, Lennart, 2023. "Distributionally robust day-ahead combined heat and power plants scheduling with Wasserstein Metric," Energy, Elsevier, vol. 269(C).
    3. Kumbartzky, Nadine & Schacht, Matthias & Schulz, Katrin & Werners, Brigitte, 2017. "Optimal operation of a CHP plant participating in the German electricity balancing and day-ahead spot market," European Journal of Operational Research, Elsevier, vol. 261(1), pages 390-404.
    4. Ignacio Blanco & Daniela Guericke & Anders N. Andersen & Henrik Madsen, 2018. "Operational Planning and Bidding for District Heating Systems with Uncertain Renewable Energy Production," Energies, MDPI, vol. 11(12), pages 1-26, November.

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