Title :
Economic Analysis of Microgrids
Author :
Asanol, H. ; Bandol, S.
Author_Institution :
Tokyo Univ., Tokyo
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;
Conference_Titel :
Power Conversion Conference - Nagoya, 2007. PCC '07
Conference_Location :
Nagoya
Print_ISBN :
1-4244-0844-X
Electronic_ISBN :
1-4244-0844-X
DOI :
10.1109/PCCON.2007.373035
