<abstract xmlns="http://www.w3.org/1999/xhtml"><p>In the research, the influence of optimised combined cycle gas turbine unit – according to the previously developed <italic>EM &amp; OM</italic> approach with its use in the intraday market – is evaluated on the generation portfolio. It consists of the two combined cycle gas turbine units. The introduced evaluation algorithm saves the power and heat balance before and after the performance of <italic>EM &amp; OM</italic> approach by making changes in the generation profile of units. The aim of this algorithm is profit maximisation of the generation portfolio. The evaluation algorithm is implemented in multi-paradigm numerical computing environment <italic>MATLab</italic> on the example of Riga CHP-2. The results show that the use of <italic>EM &amp; OM</italic> approach in the intraday market can be profitable or unprofitable. It depends on the initial state of generation units in the intraday market and on the content of the generation portfolio.</p></abstract>

In the research, the influence of optimised combined cycle gas turbine unit – according to the previously developed EM & OM approach with its use in the intraday market – is evaluated on the generation portfolio. It consists of the two combined cycle gas turbine units. The introduced evaluation algorithm saves the power and heat balance before and after the performance of EM & OM approach by making changes in the generation profile of units. The aim of this algorithm is profit maximisation of the generation portfolio. The evaluation algorithm is implemented in multi-paradigm numerical computing environment MATLab on the example of Riga CHP-2. The results show that the use of EM & OM approach in the intraday market can be profitable or unprofitable. It depends on the initial state of generation units in the intraday market and on the content of the generation portfolio.

Optimisation of Combined Cycle Gas Turbine Power Plant in Intraday Market: Riga CHP-2 Example

Latvian Journal of Physics and Technical Sciences

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

In the research, the influence of optimised combined cycle gas turbine unit – according to the previously developed EM & OM approach with its use in the...

Optimisation of Combined Cycle Gas Turbine Power Plant in Intraday Market: Riga CHP-2 Example

Published Online: Mar 24, 2018

Page range: 15 - 21

DOI: https://doi.org/10.2478/lpts-2018-0002

Keywords
conventional generation, EM & OM approach, generation portfolio, intraday market

© 2018 P. Ivanova et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Optimisation of Combined Cycle Gas Turbine Power Plant in Intraday Market: Riga CHP-2 Example

Published Online: Mar 24, 2018

Page range: 15 - 21

DOI: https://doi.org/10.2478/lpts-2018-0002

Keywordsconventional generation, EM & OM approach, generation portfolio, intraday market

© 2018 P. Ivanova et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
conventional generation, EM & OM approach, generation portfolio, intraday market