| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 6692850 | Applied Energy | 2013 | 9 Pages |
Abstract
⺠An optimization model for daily operation of a natural gas-fired generation company is proposed. ⺠The model considers uncertainties in electricity price and natural gas price. ⺠The model is formulated to capture the hedging decisions by the company. ⺠The solution yields quantities of natural gas, generating schedule and purchasing quantities of electricity. ⺠Higher profit can be achieved by adapting inventory and production to the actual spot prices of natural gas and electricity.
Keywords
Related Topics
Physical Sciences and Engineering
Energy
Energy Engineering and Power Technology
Authors
Panida Jirutitijaroen, Sujin Kim, Oran Kittithreerapronchai, José Prina,