Summary:
This paper presents an optimization model for mid-term management of a thermal and electricity supply system of an industrial consumer under liberalized energy markets. Electricity is supplied from the electric grid or from a gas engine, while therma energy is satisfied through a boiler or the mentioned gas engine. The objective is to minimize the overall annual energy supply costs in oder to make otimal contracting decisions. Mixed-integer linear programming is applied to solve the problem since binary decision and oeration variables have been employed. A realistic case is presented to illustrate the model capabilities.
Keywords: Cogeneration, contracts, industrial plants, liberalized energy markets, mixed-integer linear programming (ILP)
JCR Impact Factor and WoS quartile: 6,500 - Q1 (2023)
DOI reference:
https://doi.org/10.1109/TPWRS.2003.811197
Published on paper: May 2003.
Published on-line: May 2003.
Citation:
E. Gómez-Villalva García, A. Ramos, Optimal energy management of an industrial consumer in liberalized markets. IEEE Transactions on Power Systems. Vol. 18, nº. 2, pp. 716 - 723, May 2003. [Online: May 2003]
