Cost Optimization of PV-Wind- Battery-Grid Connected hybrid system

International Journal of Electrical and Electronics Engineering

© 2016 by SSRG - IJEEE Journal

Volume 3 Issue 2

Year of Publication : 2016

Authors : Karuna Nikum, Rakesh Saxena, Abhay wagh

10.14445/23488379/IJEEE-V3I2P105 pdf Citation:

How to Cite?

Karuna Nikum, Rakesh Saxena, Abhay wagh, "Cost Optimization of PV-Wind- Battery-Grid Connected hybrid system," SSRG International Journal of Electrical and Electronics Engineering, vol. 3,  no. 2, pp. 20-25, 2016. Crossref, https://doi.org/10.14445/23488379/IJEEE-V3I2P105 pdf Citation:

Abstract:

This paper presents details of the technical and economic analysis of hybrid power system with cost minimization. The renewable sources, wind and solar energy are connected with different types of backup and are then compared for their economic feasibility. Here battery, grid & diesel generator are used as a backup with renewable energy sources. Removing the battery reduces the cost of energy and net present cost. Presence of diesel generator increases the fuel cost, transportation cost and gas emission. The grid plays an important role of power backup component in the hybrid system, when the renewable energy resources are not enough to meet the load. The data used for the assessment is calculated by HOMER for the location of Mumbai, Maharashtra. This assessment criteria explain the cost with highest renewable fraction to reduce the emission and fulfil the load demand significantly.

Keywords:

Economic Analysis, Renewable sources and HOMER.

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