Stochastic control and real options valuation of thermal storage-enabled demand response from flexible district energy systems
Y. Kitapbayev, J. Moriarty and P. Mancarella
- Publisher: Pergamon
Flexibility | /dk/atira/pure/subjectarea/asjc/2100 | Energy(all) | Real options | Combined heat and power | Heat storage; Flexibility; Demand response; Combined heat and power; Real options; Stochastic control | Heat storage | Stochastic control | Civil and Structural Engineering | Demand response | /dk/atira/pure/subjectarea/asjc/2200/2205
In district energy systems powered by Combined Heat and Power (CHP) plants, thermal storage can significantly increase CHP flexibility to respond to real time market signals and therefore improve the business case of such demand response schemes in a Smart Grid environm...