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This article considers the operational modes development of CHPPs (combined and heat power plants) considering the influencing parameters as ambient temperature and heat demand. The optimization algorithm includes the operation of CHPP at market condition when the electricity market price changes hourly (as well as gas prices and emission charges are included). The proposal of CHPP submission to the...
The power plant generation planning is presented in this paper. The simulation combines expected overall industry costs, associated cost uncertainty and expected CO2 emission costs for different generation, variation of future fossil-fuel costs, carbon prices, plant investment costs and demand, including price elasticity impacts. The elasticity of fuel and electricity prices influences the decision...
This paper presents a methodology and the results of a study carried out to evaluate the long-term load management benefits of smart grid in terms of avoided cost of generation, transmission and distribution. The savings in transmission and distribution losses and environmental benefits are also estimated. These benefits are then compared with an estimated cost of upgrading the grid to make it smarter...
We address the problem of finding optimal medium- term generation policies for a specific generation company by modeling the supply side of a liberalized electricity market. The model assumes a noncooperative oligopoly and determines the joint optimal generation policies of all market generators, taking into account hydro, market, and system uncertainties. We propose an endogenous function of market...
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