A1 Journal article (refereed), original research

Methodology to analyze combined heat and power plant operation considering electricity reserve market opportunities


Publication Details
Authors: Haakana Juha, Tikka Ville, Lassila Jukka, Partanen Jarmo
Publisher: Elsevier
Publication year: 2017
Language: English
Volume number: 127
Start page: 408
End page: 418
Number of pages: 11
ISSN: 0360-5442
JUFO level of this publication: 3
Open Access: Not an Open Access publication

Abstract

This paper presents a methodology to promote the operation of combined heat and power (CHP) power
plant in the liberalized energy markets. The methodology considers a combination of marketplaces
available to the power plant for its end products heat and electrical power, with a special reference to
electricity reserve market opportunities. A result of the paper is a daily operation sequence to analyze the
hourly operation in the heat and electricity markets. The proposed methodology is tested with price data
of the respective energy and power markets between years 2013 and 2015.


LUT Focus Areas

Last updated on 2018-19-10 at 07:55

Share link