Pricing in integrated heat and power markets

Alvaro Gonzalez-Castellanos, David Pozo, Aldo Bischi

Research output: Contribution to conferencePaperpeer-review

Abstract

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.

Original languageEnglish
Pages160-164
Number of pages5
DOIs
Publication statusPublished - 2020
Event12th Mediterranean Conference on Power Generation, Transmission, Distribution and Energy Conversion, MEDPOWER 2020 - Virtual, Online
Duration: 9 Nov 202012 Nov 2020

Conference

Conference12th Mediterranean Conference on Power Generation, Transmission, Distribution and Energy Conversion, MEDPOWER 2020
CityVirtual, Online
Period9/11/2012/11/20

Keywords

  • Combined Heat and Power
  • Convex Optimization
  • Cost Recovery
  • Integrated Heat and Power Market

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