Economic dispatch of a single micro-gas turbine under CHP operation

This work considers the economic dispatch of a single micro-gas turbine under combined heat and power (CHP) operation. A detailed thermodynamic cycle analysis is conducted on a representative micro-gas turbine unit with non-constant component efficiencies and recuperator bypass. Based on partial and full load configurations, an accurate optimization model is developed for solving the economic dispatch problem of integrating the turbine into the grid. The financial benefit and viability of this approach is then examined on four detailed scenarios using real data on energy demand profiles and electricity tariffs. The analysis considers the optimal operation in a large hotel, a full-service restaurant, a small hotel, and a residential neighborhood during various seasons. The optimal schedule follows four fundamental economic drivers which are electricity, heat, revenue, and maintenance-cost driven.