Energy-grade double pricing mechanism for a combined heat and power system using the asynchronous dispatch method

Abstract: The problem of heat and electricity pricing in combined heat and power systems regarding the time scales of electricity and heat, as well as thermal energy quality, is studied. Based on the asynchronous coordinated dispatch of the combined heat and power system, an energy-grade double pricing mechanism is proposed. Under the pricing mechanism, the resulting merchandise surplus of the heat system operator at each heat dispatch interval can be decomposed into interpretable parts and its revenue adequacy can be guaranteed for all heat dispatch intervals. And the electric power system operator's resulting merchandise surplus is composed of non-negative components at each electricity dispatch interval, also ensuring its revenue adequacy. In addition, the effects of different time scales and cogeneration are analyzed in different kinds of combined heat and power units' pricing.