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Applying Risk Management to Combined Heat and Power Plants

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4 Author(s)
Zafra-Cabeza, A. ; Dept. of Autom. Control & Syst. Eng., Univ. of Seville, Seville ; Ridao, M.A. ; Alvarado, I. ; Camacho, E.F.

This paper shows how risk management can be applied to schedule the operation of combined heat and power plants in order to consider process uncertainties. The main innovative point is the consideration of mitigation actions to reduce exposure to the identified risks. Model predictive control is used to select the strategic plan of mitigation actions.

Published in:

Power Systems, IEEE Transactions on  (Volume:23 ,  Issue: 3 )