Simplified model of integrated paper mill for optimal bidding in energy and reserve markets

摘要: Abstract Due to the increased use of variable renewable energy sources, more capacity for reserves is required. Non-generating resources such as large industrial consumers can arbitrage prices and provide reserve by exploiting inherent flexibility in selected processes. A enough consumer capitalize on this through optimized bidding electricity markets. In work, day-ahead cost minimization a risk-averse pulp paper mill formulated two-stage stochastic problem, considering thermodynamic electrical constraints. The bids markets are jointly subject price uncertainty well frequency realization. results case study Sweden display significant economic benefit integrated mills with electric boilers. expected resulting from different strategies compared risk-aversion investigated. Reserve offers mainly facilitated fast-acting boilers supported steam network. We show that significantly improve profitability mill.