Abstract
This paper discusses the modeling and analysis of a carbon capture technology-based resource scheduling/unit commitment (UC) methodology in carbon/emission-constrained environment. In carbon markets, the overall generation from conventional/fossil-fueled thermal plants is constrained over the total cost which is the sum of generation, capture cost/emission avoidance cost. Therefore, in this paper, generalized/uniform performance indices affecting the UC schedule are derived. Also, a commitment/scheduling methodology based on capture and fuel cost is devised rather than the existing penalty cost methodology as in the modernized markets everything was dealt in monetary value. Furthermore, the impact of type of resource used, i.e., coal rank is also considered to evaluate the sensitivity of scheduling decisions and financial influence of carbon capture technology. Along with performance indices, correction factors are also proposed to justify the effect of resource/coal rank in the process of optimal generation allocation. The effect of correction factors and type of coal is observed to be predominant at lower capture efficiencies compared to higher capture efficiency. The effectiveness of the proposed method over the penalty method is reflected in reduced generation cost and emission avoidance cost when compared to the penalty-based methodology.
Original language | English |
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Article number | 7460261 |
Pages (from-to) | 662-671 |
Number of pages | 10 |
Journal | IEEE Transactions on Power Systems |
Volume | 32 |
Issue number | 1 |
DOIs | |
Publication status | Published - Jan 2017 |
Externally published | Yes |
Keywords
- Binary fireworks algorithm (BFWA)
- capture efficiency
- carbon capture and storage (CCS)
- performance index (PI)
- resource scheduling
- unit commitment (UC)
ASJC Scopus subject areas
- Energy Engineering and Power Technology
- Electrical and Electronic Engineering