Abstract:
The new and improved Smart Grid (SG) is replacing conventional electrical grid due to: (a) Integration of renewable energy sources, (b) Demand response programs, (c) ener...Show MoreMetadata
Abstract:
The new and improved Smart Grid (SG) is replacing conventional electrical grid due to: (a) Integration of renewable energy sources, (b) Demand response programs, (c) energy management system, and (d) supply versus demand management. The electrical demand is typically supplied by conventional fossil fuel generation that induces high cost and increased carbon dioxide (CO2) emissions. Therefore, to overcome abovementioned issues, there is a pressing need to supply the consumer demand using hybrid energy system with low cost and reduced CO2 emissions. The analytical assessment of optimal hybrid power generation system at University campus is performed during load shedding hours or unavailability of power supply from the conventional power system. Further, this paper analyzes four various configurations of the power system that includes: (a) Diesel based, (b) Photo Voltaic (PV) based, (c) Wind based, and (d) Wind and PV based power generation system. Cost of Energy (COE) and Net Present Cost (NPC) plays a vital role in opting for power generation system. Therefore, this research will analyze COE and NPC for the abovementioned configurations using Hybrid Optimization Model for Electric Renewables (HOMER) software. A configuration with reduced COE and NPC will be proposed for University campus.
Date of Conference: 22-23 November 2017
Date Added to IEEE Xplore: 08 January 2018
ISBN Information: