Effect of storage options on price-based scheduling for a hybrid trigeneration system

Trigeneration is efficient to supply cooling, heat, and power demands. Also, hydro (pumped) storage with zero fuel costs can increase profit when price-based scheduling problem is solved. The goal of this study is to investigate the effects of electric boiler, hydro storage, and heat storage tank on price-based scheduling problem for hybrid trigeneration (trigeneration-conventional-gas boiler) system. A heuristic algorithm is applied to a power system where in validation case, total cost reduction of 0.63% to 0.91% is reached as compared with reported in literature. The results show that the utilization of electric boiler, hydro storage, and heat storage tank leads to profit improvement by 4.58%. Also, a critical sensitivity analysis is conducted and the results show the significant effects of several factors on scheduling results.