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Optimal Flexible Operation of a CO _{2} Capture Power Plant in a Combined Energy and Carbon Emission Market

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4 Author(s)
Qixin Chen ; State Key Lab of Power Systems, Dept. of Electrical Engineering, Tsinghua University, Beijing ; Chongqing Kang ; Qing Xia ; Daniel S. Kirschen

Since CO2 capture and storage (CCS) is a viable CO2 abatement option, CO2 capture power plants (CCPPs) could become a significant part of the future generation mix. This paper investigates the flexibility of the operation of a representative post-combustion CCPP with ancillary facilities. A mathematical model of the operation of such a plant is developed. This model quantifies the relation between the major operating characteristics of a CCPP, including efficiency penalty, capacity penalty, net power output, and net CO2 emission. On this basis, a profit maximization model is proposed. This model would help a CCPP decide its power output schedule, CO2 capture schedule, and bidding strategies in response of volatile power and carbon prices in a day-ahead energy market and a cap-and-trade carbon emission market. The validity and the usefulness of the proposed model are demonstrated using numerical results.

Published in:

IEEE Transactions on Power Systems  (Volume:27 ,  Issue: 3 )