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Optimal scheduling of industrial combined heat and power plants under time-sensitive electricity prices

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  • Mitra, Sumit
  • Sun, Lige
  • Grossmann, Ignacio E.

Abstract

Combined heat and power (CHP) plants are widely used in industrial applications. In the aftermath of the recession, many of the associated production processes are under-utilized, which challenges the competitiveness of chemical companies. However, under-utilization can be a chance for tighter interaction with the power grid, which is in transition to the so-called smart grid, if the CHP plant can dynamically react to time-sensitive electricity prices.

Suggested Citation

  • Mitra, Sumit & Sun, Lige & Grossmann, Ignacio E., 2013. "Optimal scheduling of industrial combined heat and power plants under time-sensitive electricity prices," Energy, Elsevier, vol. 54(C), pages 194-211.
    • Handle: RePEc:eee:energy:v:54:y:2013:i:c:p:194-211
    DOI: 10.1016/j.energy.2013.02.030
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    References listed on IDEAS

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