Cost effectiveness of renewable energy sources in smart premises

Author

Vineetha, C.P. ; Babu, C.A.

Author_Institution

Electr. & Electron. Eng., Cochin Univ. of Sci. & Technol., Kochi, India

fYear

2013

fDate

23-24 Aug. 2013

Firstpage

159

Lastpage

163

Abstract

This paper aims to develop a new model for hybrid power system (HPS) in smart premises to study economic effect of HPS for various ratings. Photovoltaic (PV) modules and wind mill with lead acid tubular battery as storage device are taken as HPS for the study. Wind speed, solar irradiation and cell temperature for one year with one hour duration are fed in to HPS model. The maximum and minimum ratings of the PV modules and wind mill are taken as the inequality constraints and lead acid battery rating is an equality constraint for the model. Model is applied to a commercial smart premises and cost effectiveness is evaluated. Eligible green energy credit (GECue) is also determined if smart premises energy cost is higher than conventional grid energy cost.

Keywords

hybrid power systems; lead acid batteries; power generation economics; smart power grids; solar cells; wind power plants; GECue; HPS model; PV module; cell temperature; green energy credit; hybrid power system; lead acid battery rating; lead acid tubular battery; photovoltaic module; renewable energy source; smart premises; solar irradiation; storage device; wind mill; wind speed; Batteries; Inverters; Investment; Power generation; Renewable energy sources; Smart grids; Wind speed; Hybrid power system; renewable energy sources; smart grid; smart premises;

fLanguage

English

Publisher

ieee

Conference_Titel

Global Humanitarian Technology Conference: South Asia Satellite (GHTC-SAS), 2013 IEEE

Conference_Location

Trivandrum

Print_ISBN

978-1-4799-1094-6

Type

conf

DOI

10.1109/GHTC-SAS.2013.6629908

Filename

6629908