Techno-Economic Analysis for Grid Edge Intelligence: A Preliminary Study on Smart Voltage Regulator Controls

Grid edge intelligence has been of interest in both industrial and academic research spaces as the penetration level of distributed energy resources increases. This paper discusses the application of a framework that can perform techno-economic analyses for integrating intelligent autonomous controls into the distribution grid. The framework has been used to provide cost-benefit studies for two smart voltage regulator control algorithms that come as black-box applications. These applications are evaluated within the framework using quasistatic time-series simulations. Results are presented in terms of performance metrics and costs incurred for these two smart voltage regulator control techniques.