Data service
Power plant

The power plant data service is aimed at operators of conventional power plants or CHP plants.

Optimization is a financially motivated approach and focuses on flexibility, hedge ratio calculation and risk analysis. In summary, the flexible power plant is considered a real option where the Least Squares Monte Carlo method is used to calculate the expected values within the DP (Dynamic Programming) framework.

Especially due to large storage tanks, CHP plants can also deviate from the heat-controlled mode of operation and can be controlled by electricity, i. e. flexibly, which is why storage and district heating modelling are also taken into account in the following.