Publication 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

Type

book chapter

Language

English

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 %.

Keywords

Energy planning; Process Integration; Total Site; Utility Systems

Authors

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

Released

1. 1. 2018

Publisher

Elsevier B.V.

ISBN

978-0-444-64241-7

Book

Computer-Aided Chemical Engineering

Edition

44

Edition number

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"
}