A simulation study on the economic aspects of hybrid energy systems for remote islands in Thailand

This paper reports an investigation on the economic aspects of a typical hybrid energy system for remote islands in Thailand. In addition to the utilization of renewable energy, the study has based on different electrical load profiles simulating typical usage within a year. The simulation study and the optimization of hybrid energy system are based on a computer program called HOMER, as the simulation tool. From the economic analysis, the capital cost, net present cost and cost of energy are determined for different types or system configuration. Results from the study will be useful to aid business and investment decisions on choosing the most appropriate system for the island resorts.