Publication detail
Total Site Utility Systems Structural Design Considering Electricity Price Fluctuations
Walmsley, T.G. Philipp, M. Varbanov, P.S. Klemeš, J.J.
English title
Total Site Utility Systems Structural Design Considering Electricity Price Fluctuations
Type
book chapter
Language
en
Original abstract
This study aims to optimise the structural design of industrial central utility systems to while taking full advantage of intra-day electricity spot price fluctuations. Surges renewable electricity generation uptake has amplified the rises and falls between peak and off-peak electricity prices. Industrial Total Sites and Locally Integrated Energy Sectors can take maximum advantage of periods of both low and high electricity prices through appropriate technology investment. Using P-graph, a Utility Systems Planner superstructure is extended to apply a multi-period analysis to optimally select the fuels, energy conversion technologies, and the requires sizes to install for a representative case study. A key difference between the multi-period solution and the single-period solution is an Electric Boiler that operates when the electricity price is low. This results in a Total Annual Cost saving of 7.5 %.
English abstract
This study aims to optimise the structural design of industrial central utility systems to while taking full advantage of intra-day electricity spot price fluctuations. Surges renewable electricity generation uptake has amplified the rises and falls between peak and off-peak electricity prices. Industrial Total Sites and Locally Integrated Energy Sectors can take maximum advantage of periods of both low and high electricity prices through appropriate technology investment. Using P-graph, a Utility Systems Planner superstructure is extended to apply a multi-period analysis to optimally select the fuels, energy conversion technologies, and the requires sizes to install for a representative case study. A key difference between the multi-period solution and the single-period solution is an Electric Boiler that operates when the electricity price is low. This results in a Total Annual Cost saving of 7.5 %.
Keywords in English
Energy planning; Process Integration; Total Site; Utility Systems
Released
01.01.2018
Publisher
Elsevier B.V.
ISBN
978-0-444-64241-7
Book
Computer-Aided Chemical Engineering
Edition number
44
Pages from–to
1159–1164
Pages count
6
BIBTEX
@inbook{BUT151708,
author="Timothy Gordon {Walmsley} and Petar Sabev {Varbanov} and Jiří {Klemeš},
title="Total Site Utility Systems Structural Design Considering Electricity Price Fluctuations",
booktitle="Computer-Aided Chemical Engineering",
year="2018",
month="January",
pages="1159--1164",
publisher="Elsevier B.V.",
isbn="978-0-444-64241-7"
}