DocumentCode
2845076
Title
Economic Analysis of Microgrids
Author
Asanol, H. ; Bandol, S.
Author_Institution
Tokyo Univ., Tokyo
fYear
2007
fDate
2-5 April 2007
Firstpage
654
Lastpage
658
Abstract
In Japan, three national field tests of microgrid were started in 2005. These projects are trying to demonstrate technical feasibility of microgrids with renewable energy, but economic and environmental benefits have not been shown yet. The economic evaluation of the microgrids is still challenging. This paper presents a methodology for economic design and optimal operation of microgrids with renewable energy sources. Numerical examples are illustrated to show the optimal configuration of a microgrid.
Keywords
distributed power generation; environmental factors; power grids; power system economics; renewable energy sources; Japan; economic analysis; environmental benefits; microgrids; renewable energy; Cogeneration; Costs; Engines; Environmental economics; Fuel economy; Power generation economics; Power system economics; Power system reliability; Renewable energy resources; Wind energy; cogeneration system; economic analysis; microgrid; optimization;
fLanguage
English
Publisher
ieee
Conference_Titel
Power Conversion Conference - Nagoya, 2007. PCC '07
Conference_Location
Nagoya
Print_ISBN
1-4244-0844-X
Electronic_ISBN
1-4244-0844-X
Type
conf
DOI
10.1109/PCCON.2007.373035
Filename
4239225
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