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Monte Carlo Planning Technique for Renewable Energy Sources

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1 Author(s)
Indulkar, C.S. ; IIT Delhi, Delhi

Distributed power generation provides electric power at a site closer to customers. This paper, formulates the problem of optimal utilization of renewable energy options to meet the peak load demand. A Monte Carlo apportioning technique of solar photovoltaic, co-generation, wind power, and small hydro, which considers specific techno-economic constraints, such as capital cost and generation cost constraints, and carbon dioxide emission factors, is described. The proposed method in a single study provides the proportion of the renewable energy sources for maximum generating capacity or lowest generation cost subject to lowest emission or to lowest capital cost.

Published in:

Power System Technology and IEEE Power India Conference, 2008. POWERCON 2008. Joint International Conference on

Date of Conference:

12-15 Oct. 2008