Aachen (Germany), 31st July 2017 – Mainz and Wiesbaden Power Plants AG (KMW) uses ProCom IT-products to improve its marketing capability for power generation capacities in the commercial market and to offer optimized secondary regulated power or minute reserves. The solution includes BoFiT optimization for planning deployment of generating plants, and ITA to support electricity trading. The two modules are designed to increase the economic efficiency of power plants and relieve the pressure of their daily routine for the seven employees at the department of energy management at KMW. The software is currently used on a day-ahead basis for deployment planning and electricity trading and – once all the staff have become proficient in using it – will also be used for intra-day trading and long-term planning. Enabling BoFiT to deliver customized trading recommendations requires an optimization model that simulates the delivery obligations and the technical constraints of the waste heat and power plant, CHP plants and reserve boilers in KMW’s power plant facility. Other parameters fed into the optimization are the district heating loads calculated from the BoFiT forecasting process, weather forecasts, and market data. The provision of district heating and process steam (approximately 500,000 MWh/a) takes high priority
Continue reading Mainz and Wiesbaden Power Plants AG sells production capacity with ProCom solutions. This article appeared first on CTRM Center.
Source: CTRM Center