PRICING IN INTEGRATED HEAT AND POWER MARKETS
PRICING IN INTEGRATED HEAT AND POWER MARKETS
- Author(s): A. Gonzalez-Castellanos 1 ; D. Pozo 1 ; A. Bischi 1
- DOI: 10.1049/icp.2021.1264
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- Author(s): A. Gonzalez-Castellanos 1 ; D. Pozo 1 ; A. Bischi 1
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View affiliations
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Affiliations:
1:
Center for Energy Science and Technology, Skolkovo Institute of Science and Tehcnology , Moscow , Russia
Source:
The 12th Mediterranean Conference on Power Generation, Transmission, Distribution and Energy Conversion (MEDPOWER 2020),
2021
p.
160 – 164
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Affiliations:
1:
Center for Energy Science and Technology, Skolkovo Institute of Science and Tehcnology , Moscow , Russia
- Conference: The 12th Mediterranean Conference on Power Generation, Transmission, Distribution and Energy Conversion (MEDPOWER 2020)
- DOI: 10.1049/icp.2021.1264
- ISBN: 978-1-83953-524-6
- Location: Online Conference
- Conference date: 09-12 November 2020
- Format: PDF
There is a growing interest in the integration of energy infrastructures to increase systems' flexibility and reduce operational costs. The most studied case is the synergy between electric and heating networks. Even though integrated heat and power markets can be described by a convex optimization problem, prices derived from dual values do not guarantee cost recovery. In this work, a two-step approach is presented for the calculation of the optimal energy dispatch and prices. The proposed methodology guarantees cost-recovery for each of the energy vectors and revenue-adequacy for the integrated market.
Inspec keywords: power generation economics; optimisation; electric heating; power generation dispatch; power markets; pricing
Subjects: Optimisation techniques; Electric heating; Power system management, operation and economics