Optimal Operation of Combined Heat and Power System Based on Forecasted Energy Prices in Real-Time Markets

This paper develops a discrete operation optimization model for combined heat and powers (CHPs) in deregulated energy markets to maximize owners’ profits, where energy price forecasting is included. First, a single input and multi-output (SIMO) model for typical CHPs is established, considering the...

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Bibliographic Details
Main Authors: Chenghong Gu, Da Xie, Junbo Sun, Xitian Wang, Qian Ai
Format: Article
Language:English
Published: MDPI AG 2015-12-01
Series:Energies
Subjects:
Online Access:http://www.mdpi.com/1996-1073/8/12/12427