Browsing by Subject "Economic dispatch"
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Item Dynamic optimization of energy systems with thermal energy storage(2013-08) Powell, Kody Merlin; Edgar, Thomas F.Thermal energy storage (TES), the storage of heat or cooling, is a cost-effective energy storage technology that can greatly enhance the performance of the energy systems with which it interacts. TES acts as a buffer between transient supply and demand of energy. In solar thermal systems, TES enables the power output of the plant to be effectively regulated, despite fluctuating solar irradiance. In district energy systems, TES can be used to shift loads, allowing the system to avoid or take advantage of peak energy prices. The benefit of TES, however, can be significantly enhanced by dynamically optimizing the complete energy system. The ability of TES to shift loads gives the system newfound degrees of freedom which can be exploited to yield optimal performance. In the hybrid solar thermal/fossil fuel system explored in this work, the use of TES enables the system to extract nearly 50% more solar energy when the system is optimized. This requires relaxing some constraints, such as fixed temperature and power control, and dynamically optimizing the over a one-day time horizon. In a district cooling system, TES can help equipment to run more efficiently, by shifting cooling loads, not only between chillers, but temporally, allowing the system to take advantage of the most efficient times for running this equipment. This work also highlights the use of TES in a district energy system, where heat, cooling and electrical power are generated from central locations. Shifting the cooling load frees up electrical generation capacity, which is used to sell power to the grid at peak prices. The combination of optimization, TES, and participation in the electricity market yields a 16% cost savings. The problems encountered in this work require modeling a diverse range of systems including the TES, the solar power plant, boilers, gas and steam turbines, heat recovery equipment, chillers, and pumps. These problems also require novel solution methods that are efficient and effective at obtaining workable solutions. A simultaneous solution method is used for optimizing the solar power plant, while a static/dynamic decoupling method is used for the district energy system.Item A grid-level unit commitment assessment of high wind penetration and utilization of compressed air energy storage in ERCOT(2014-12) Garrison, Jared Brett; Webber, Michael E., 1971-Emerging integration of renewable energy has prompted a wide range of research on the use of energy storage to compensate for the added uncertainty that accompanies these resources. In the Electric Reliability Council of Texas (ERCOT), compressed air energy storage (CAES) has drawn particular attention because Texas has suitable geology and also lacks appropriate resources and locations for pumped hydroelectric storage (PHS). While there have been studies on incorporation of renewable energy, utilization of energy storage, and dispatch optimization, this is the first body of work to integrate all these subjects along with the proven ability to recreate historical dispatch and price conditions. To quantify the operational behavior, economic feasibility, and environmental impacts of CAES, this work utilized sophisticated unit commitment and dispatch (UC&D) models that determine the least-cost dispatch for meeting a set of grid and generator constraints. This work first addressed the ability of these models to recreate historical dispatch and price conditions through a calibration analysis that incorporated major model improvements such as capacity availability and sophisticated treatment of combined heat and power (CHP) plants. These additions appreciably improved the consistency of the model results when compared to historical ERCOT conditions. An initial UC&D model was used to investigate the impacts on the dispatch of a future high wind generation scenario with the potential to utilize numerous CAES facilities. For all future natural gas prices considered, the addition of CAES led to reduced use of high marginal cost generator types, increased use of base-load generator types, and average reductions in the total operating costs of 3.7 million dollars per week. Additional analyses demonstrated the importance of allowing CAES to participate in all available energy and ancillary services (AS) markets and that a reduction in future thermal capacity would increase the use of CAES. A second UC&D model, which incorporated advanced features like variable marginal heat rates, was used to analyze the influence of future wind generation variability on the dispatch and resulting environmental impacts. This analysis revealed that higher amounts of wind variability led to an increase in the daily net load ramping requirements which resulted in less use of coal and nuclear generators in favor of faster ramping units along with reductions in emissions and water use. The changes to the net load also resulted in increased volatility of the energy and AS prices between daily minimum and maximum levels. These impacts were also found to increase with compounding intensity as higher levels of wind variability were reached. Lastly, the advanced UC&D model was also used to evaluate the operational behavior and potential economic feasibility of a first entrant conventional or adiabatic CAES system. Both storage systems were found to operate in a single mode that enabled very high utilization of their capacity indicating both systems have highly desirable characteristics. The results suggest that there is a positive case for the investment in a first entrant CAES facility in the ERCOT market.Item Improving electricity market efficiency : from market monitoring to reserve allocation(2012-05) Lee, Yen-Yu, 1984-; Baldick, Ross; Grady, Mack; Kwasinski, Alexis; Morton, David P.; Obadina, Diran; Wood, KevinThis dissertation proposes new methods to improve the efficiency of electricity markets with respect to market monitoring and reserve allocation. We first present new approaches to monitor the level of competition in electricity markets, a critical task for helping the markets function smoothly. The proposed approaches are based on economic principles and a faithful representation of transmission constraints. The effectiveness of the new approaches is demonstrated by examples based on medium- and large-scale electric power systems. We then propose a new system-operation model using stochastic optimization to systematically allocate reserves under uncertainty. This model aims to overcome the difficulties in both system and market operations caused by the integration of wind power, which results in a higher degree of supply uncertainty. The numerical examples suggest that the proposed model significantly lower the operation costs, especially under high levels of wind penetration.Item Modeling, control, and optimization of combined heat and power plants(2014-05) Kim, Jong Suk; Edgar, Thomas F.Combined heat and power (CHP) is a technology that decreases total fuel consumption and related greenhouse gas emissions by producing both electricity and useful thermal energy from a single energy source. In the industrial and commercial sectors, a typical CHP site relies upon the electricity distribution network for significant periods, i.e., for purchasing power from the grid during periods of high demand or when off-peak electricity tariffs are available. On the other hand, in some cases, a CHP plant is allowed to sell surplus power to the grid during on-peak hours when electricity prices are highest while all operating constraints and local demands are satisfied. Therefore, if the plant is connected with the external grid and allowed to participate in open energy markets in the future, it could yield significant economic benefits by selling/buying power depending on market conditions. This is achieved by solving the power system generation scheduling problem using mathematical programming. In this work, we present the application of mixed-integer nonlinear programming (MINLP) approach for scheduling of a CHP plant in the day-ahead wholesale energy markets. This work employs first principles models to describe the nonlinear dynamics of a CHP plant and its individual components (gas and steam turbines, heat recovery steam generators, and auxiliary boilers). The MINLP framework includes practical constraints such as minimum/maximum power output and steam flow restrictions, minimum up/down times, start-up and shut-down procedures, and fuel limits. We provide case studies involving the Hal C. Weaver power plant complex at the University of Texas at Austin to demonstrate this methodology. The results show that the optimized operating strategies can yield substantial net incomes from electricity sales and purchases. This work also highlights the application of a nonlinear model predictive control scheme to a heavy-duty gas turbine power plant for frequency and temperature control. This scheme is compared to a classical PID/logic based control scheme and is found to provide superior output responses with smaller settling times and less oscillatory behavior in response to disturbances in electric loads.