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Valuation under uncertain energy prices and load demands of micro-CHP plants supplemented by optimally switched thermal energy storage

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  • Díaz, Guzmán
  • Moreno, Blanca

Abstract

This paper aims at providing insight on the ability that thermal energy storage (TES) systems have to reduce the cost of operating CHP plants, when an optimal switching policy is adopted to regulate the storage level under uncertain market conditions and also uncertain load demands.

Suggested Citation

  • Díaz, Guzmán & Moreno, Blanca, 2016. "Valuation under uncertain energy prices and load demands of micro-CHP plants supplemented by optimally switched thermal energy storage," Applied Energy, Elsevier, vol. 177(C), pages 553-569.
    • Handle: RePEc:eee:appene:v:177:y:2016:i:c:p:553-569
    DOI: 10.1016/j.apenergy.2016.05.075
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    Cited by:

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    3. Franco Cotana & Gianluca Cavalaglio & Valentina Coccia & Alessandro Petrozzi, 2016. "Energy Opportunities from Lignocellulosic Biomass for a Biorefinery Case Study," Energies, MDPI, vol. 9(9), pages 1-10, September.
    4. Ji, Ling & Zhang, Bei-Bei & Huang, Guo-He & Xie, Yu-Lei & Niu, Dong-Xiao, 2018. "GHG-mitigation oriented and coal-consumption constrained inexact robust model for regional energy structure adjustment – A case study for Jiangsu Province, China," Renewable Energy, Elsevier, vol. 123(C), pages 549-562.
    5. Jin, Ming & Feng, Wei & Marnay, Chris & Spanos, Costas, 2018. "Microgrid to enable optimal distributed energy retail and end-user demand response," Applied Energy, Elsevier, vol. 210(C), pages 1321-1335.
    6. Jin, Ming & Feng, Wei & Liu, Ping & Marnay, Chris & Spanos, Costas, 2017. "MOD-DR: Microgrid optimal dispatch with demand response," Applied Energy, Elsevier, vol. 187(C), pages 758-776.
    7. Zauner, Christoph & Hengstberger, Florian & Mörzinger, Benjamin & Hofmann, Rene & Walter, Heimo, 2017. "Experimental characterization and simulation of a hybrid sensible-latent heat storage," Applied Energy, Elsevier, vol. 189(C), pages 506-519.
    8. Mongibello, Luigi & Bianco, Nicola & Caliano, Martina & Graditi, Giorgio, 2016. "Comparison between two different operation strategies for a heat-driven residential natural gas-fired CHP system: Heat dumping vs. load partialization," Applied Energy, Elsevier, vol. 184(C), pages 55-67.
    9. Gbemi Oluleye & John Allison & Nicolas Kelly & Adam D. Hawkes, 2018. "An Optimisation Study on Integrating and Incentivising Thermal Energy Storage (TES) in a Dwelling Energy System," Energies, MDPI, vol. 11(5), pages 1-17, April.

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