Unlocking maximum value from CHP Assets in PJM
Unlocking maximum value from CHP Assets in PJM
Combined Heat and Power (CHP) systems simultaneously generate electricity and useful thermal energy from a single fuel source. While CHP has traditionally served behind-the-meter (BTM), market liberalization and digitization allow these assets to engage with forward and real-time electricity markets.
The PJM Interconnection offers diverse revenue streams through Day Ahead (DA), Real-Time (RT), and ancillary service markets. This white paper explores a full year simulation that compares a DA-only approach to a strategy that includes participation in frequency regulation (RegA) and synchronized reserves (Sync Reserve). The results?
CHP assets operating in RegA and Sync Reserve combinations (merged as DA-FR in this analysis) can morethan double their profitability compared to a DA-only strategy.
Download the Whitepaper to learn more!
