Modeling of Combined Heat and Power Plants as Flex-offers
Author
Term
4. term
Education
Publication year
2017
Submitted on
2017-09-26
Pages
16
Abstract
Increasing inflexible electricity from volatile renewable energy sources (RES) poses new challenges to fast dispatchable energy sources to balance the market. Combined heat and power (CHP) plants are highly efficient and considerably fast dispatchable. This work looks into flexibilizing the production of electricity using flex-offers. CHP operators make production bids for the day ahead market which have a fixed length and production capacity. These bids are static and this work extents the flexoffer concept by a duration flexibility to cover CHP plants. An experimental evaluation has shown that there is an opportunity to trade with flexi orders.
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