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Economic benefits of Smart Microgrids with penetration of DER and mCHP units for non-interconnected islands

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  • Anestis, Anastasiadis
  • Georgios, Vokas

Abstract

The coordinated control of Distributed Energy Resources (DER) allows the full exploitation of DER advantages. Smart Microgrids (SM) seem to be the best solution for the management of modern Low Voltage (LV) grids with DER especially for Non-Interconnected Greek Islands. The main purpose of this paper is to investigate the economic benefits that can be obtained from the coordinated control of DER and micro-Combined Heat and Power (mCHP) Units in SM operation. For each examined scenario, various market prices expressed by the System Marginal Prices (SMP) and DER-mCHP penetrations are considered for annual operation. All different cases are compared between them to determine which one is the most advantageous in terms of operational cost. A typical LV SM, standard DER units and typical market values have been considered to provide initial results. In addition, a sensitivity analysis is carried out in order to determine the effect of installed DER power on grid operation, such as in operating cost, power losses, power injected from the upstream distribution network, local DER production, etc. The presented results show clear the economic benefits in SM operation.

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  • Anestis, Anastasiadis & Georgios, Vokas, 2019. "Economic benefits of Smart Microgrids with penetration of DER and mCHP units for non-interconnected islands," Renewable Energy, Elsevier, vol. 142(C), pages 478-486.
    • Handle: RePEc:eee:renene:v:142:y:2019:i:c:p:478-486
    DOI: 10.1016/j.renene.2019.04.084
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    Cited by:

    1. Anestis G. Anastasiadis & Panagiotis Papadimitriou & Paraskevi Vlachou & Georgios A. Vokas, 2023. "Management of Hybrid Wind and Photovoltaic System Electrolyzer for Green Hydrogen Production and Storage in the Presence of a Small Fleet of Hydrogen Vehicles—An Economic Assessment," Energies, MDPI, vol. 16(24), pages 1-25, December.
    2. Sulabh Sachan & Sanchari Deb & Praveen Prakash Singh & Mohammad Saad Alam & Samir M. Shariff, 2022. "A comprehensive review of standards and best practices for utility grid integration with electric vehicle charging stations," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 11(3), May.
    3. Bishwajit Dey & Saurav Raj & Rohit Babu & Tapas Chhualsingh, 2023. "An approach to attain a balanced trade-off solution for dynamic economic emission dispatch problem on a microgrid system," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 14(4), pages 1300-1311, August.
    4. Diego Mendoza Osorio & Javier Rosero Garcia, 2023. "Convex Stochastic Approaches for the Optimal Allocation of Distributed Energy Resources in AC Distribution Networks with Measurements Fitted to a Continuous Probability Distribution Function," Energies, MDPI, vol. 16(14), pages 1-27, July.

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