Publication result detail

Total Site Utility Systems Structural Design Considering Electricity Price Fluctuations

Walmsley, T.G.; Philipp, M.; Varbanov, P.S.; Klemeš, J.J.

Original Title

Total Site Utility Systems Structural Design Considering Electricity Price Fluctuations

English Title

Total Site Utility Systems Structural Design Considering Electricity Price Fluctuations

Type

Chapter in a book

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

Energy planning; Process Integration; Total Site; Utility Systems

Key words in English

Energy planning; Process Integration; Total Site; Utility Systems

Authors

Walmsley, T.G.; Philipp, M.; Varbanov, P.S.; Klemeš, J.J.

RIV year

2019

Released

01.01.2018

Publisher

Elsevier B.V.

ISBN

978-0-444-64241-7

Book

Computer-Aided Chemical Engineering

Edition

44

Pages from

1159

Pages to

1164

Pages count

6

BibTex

@inbook{BUT151708,
  author="Walmsley, T.G. and Philipp, M. and Varbanov, P.S. and Klemeš, J.J.",
  title="Total Site Utility Systems Structural Design Considering Electricity Price Fluctuations",
  booktitle="Computer-Aided Chemical Engineering",
  year="2018",
  publisher="Elsevier B.V.",
  series="44",
  edition="44",
  pages="1159--1164",
  doi="10.1016/B978-0-444-64241-7.50188-9",
  isbn="978-0-444-64241-7"
}