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The fast transmission to a market form of economics in Latvia caused many complex problems, not least for electric power engineering education. As a result, there was a perceived need for reorganisation of the structure of the educational process, forms of teaching and the contents of courses. This reorganisation, and the transformation of courses and degree programmes, was applied across all educational levels to avoid too narrow a specialisation. The task was carried out with the active participation of some universities from within the European Community and with the participation of electric utilities in financing practically oriented projects. An especially successful aspect of this cooperation was participation in local research activity, which led to the development of new devices for monitoring and control of processes in electric power systems, as well as participation in a large European research project.

This article considers the operational modes development of CHPPs (combined and heat power plants) considering the influencing parameters as ambient temperature and heat demand. The optimization algorithm includes the operation of CHPP at market condition when the electricity market price changes hourly (as well as gas prices and emission charges are included). The proposal of CHPP submission to the electricity stock exchange is considered. According technical characteristics of real-life CHPP of Riga calculations and decision-making are made.