CHP Combined Heat and Power
Combined heat and power (CHP) is a program for optimizing heat and power plants under time-sensitive electricity prices. The program is an important step in assessing the potencial economic gains of jointly optimizing the operation of CHP plants and their associated industrial process wih the respect to all markets, in wich both can participate (industrial products markets, energy and reserve markets).
Given a set of multiple plant components (steam turbines, boilers and gas with heat recovery steam generators) that can produce the utilities and steam at different pressure levels (HP, MP, LP, and condensate). The CHP plant has to satisfy hourly demand of electricity and steam. Surplus electricity can be sold to the power grid and electricity can also be purchased during hours of underproduction.
CHP is based in the MILP model developed by Sumit Mitra, Lige Sun and Grossmann (2013) and has been developed by Martha García under supervision of Ignacio E. Grossmann.
Mitra, S., Sun, L., & Grossmann, I.E. (2013). Optimal scheduling of industrial combined heat and power plants under time-sensitive electricity prices. Energy 54, 194-211.