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| Content Provider | IEEE Xplore Digital Library |
|---|---|
| Author | Hassan, T. Imran, K. Aslam, M.F. |
| Copyright Year | 2009 |
| Description | Author affiliation: Department of Electrical Engineering, University of Management and Technology, Lahore, Pakistan (Aslam, M.F.) || Department of Electrical Engineering, University of Engineering and Technology, Lahore, Pakistan (Hassan, T.) || Department of Electrical Engineering, COMSATS Institute of Information Technology, Lahore, Pakistan (Imran, K.) |
| Abstract | This paper discusses issue of maximizing profit while operating an industrial power plant under variable spot price (SP) of electricity and load demand (LD). Such a plant can be connected to a power grid by a tie line on which power can flow in both directions. In a Liberalised Electricity Environment (LEE) an industrial plant manager determines least costly operating points for its own generators and submits a demand bid (DB) and a supply bid (SB) in a power exchange (PX). In this paper, a methodology has been developed to take operational data of two real generators and determine their economical production levels as well as a DB and a SB over a range of SP. Optimization results of a power plant operating in a LEE are presented for the scenario of LD being less than plant capacity. Our results show that considerable savings are possible by electricity trading through a PX. |
| Starting Page | 1 |
| Ending Page | 6 |
| File Size | 7943574 |
| Page Count | 6 |
| File Format | |
| ISBN | 9781424443604 |
| DOI | 10.1109/ICEE.2009.5173173 |
| Language | English |
| Publisher | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Publisher Date | 2009-04-09 |
| Publisher Place | Pakistan |
| Access Restriction | Subscribed |
| Rights Holder | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Subject Keyword | Power system economics Power generation economics Load management Power markets Power grids Industrial plants Energy management Environmental management Environmental economics Power generation |
| Content Type | Text |
| Resource Type | Article |
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