Optimisation of Electricity Production and Heating Costs Based on Short-Term Forecasts

Abstract

In this article the author proposes considering the problem of optimising electricity production in a heat and power plant in the heating season combined with the optimisation of its acquisition costs. The proposed procedure in the management of short-term heat and power production on the basis of weather conditions forecasts obtained online from the portal of the Institute of Meteorology and Water Management. The conceptual solution proposes using econometric methods that can be used, namely a combination of regression function, the trend of delayed time-dimensions, multiple regression and linear programming. The article aims at reducing decision-making errors in technological flow management.