A Systems Engineering Approach to the Optimal Measurement Network Design in Coal-Fired Power Plants By Incorporating Market Elasticity

- Type: Conference Presentation
- Conference Type: AIChE Annual Meeting
- Presentation Date: November 18, 2020
- Duration: 17 minutes
- Skill Level: Intermediate
- PDHs: 0.30
In the open literature, optimal sensor networks have been designed for various objectives such as maximizing process information, maximizing reliability, minimizing error covariance and so on subject to some constraints such as the number and cost of sensors [3-5]. There is hardly any work on sensor network design where the economic impact of the sensor network by considering the market elasticity has been considered as the design objective.
For the proposed design objective, stochasticity in the electricity demand and price over pre-specified number of years should be taken into account by including the effect of the improved availability. Other than the rapid deployment of renewables into the grid, many factors like population growth, industrial growth, electricity usages in new systems like electric cars also affect the market dynamics and in turn cost of electricity. To capture these aspects, an energy market forecasting software âTIMESâ is used for computing the design objective rather than the net present value analysis which determines economic feasibility at a single point of time only [6]. Expected improvement in the availability is estimated by using the Generating Availability Data System (GADS) from North American Electric Reliability Council (NERC). An unscented Kalman filter based approach is developed for synthesizing the optimal measurement network. Sensitivity to different scenarios is analyzed.
References
- North American Electric Reliability Council (NERC), âState of Reliability,â 2017.
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