Optimal multi-state partnerships for woody biomass co-firing incorporating a demand-response function for biomass procurement

Sammanfattning

Woody biomass provides an opportunity to reduce carbon emissions from existing power plants via co-firing with coal. However, increased demand for woody biomass in electricity generation could potentially increase the price for biomass procurement. This paper presents an econometric demand response model for biomass procurement prices, which is then integrated into a robust mixed-integer nonlinear programming (MINLP) model. We utilize a two-stage approach to efficiently solve this MINLP. The model is then applied to demonstrate the demand-price relationship and to identify efficient frontiers for optimal state partnerships that achieve aggregated CO2 emission rate targets at minimum aggregate cost, subject to a constraint on the probability of satisfying the desired emission targets.

Nyckelord

Bioenergy; Demand-response model; Optimization

Publicerad i

Optimization Letters
2022, volym: 16, nummer: 3, sidor: 821-844
Utgivare: SPRINGER HEIDELBERG

SLU författare

• Aguilar Cabezas, Francisco X

  • Institutionen för skogsekonomi, Sveriges lantbruksuniversitet
    

Globala målen (SDG)

SDG7 Hållbar energi för alla

UKÄ forskningsämne

Nationalekonomi

Publikationens identifierare

• DOI: https://doi.org/10.1007/s11590-021-01747-8

Permanent länk till denna sida (URI)

https://res.slu.se/id/publ/112007