Title :
Cost effectiveness of renewable energy sources in smart premises
Author :
Vineetha, C.P. ; Babu, C.A.
Author_Institution :
Electr. & Electron. Eng., Cochin Univ. of Sci. & Technol., Kochi, India
Abstract :
This paper aims to develop a new model for hybrid power system (HPS) in smart premises to study economic effect of HPS for various ratings. Photovoltaic (PV) modules and wind mill with lead acid tubular battery as storage device are taken as HPS for the study. Wind speed, solar irradiation and cell temperature for one year with one hour duration are fed in to HPS model. The maximum and minimum ratings of the PV modules and wind mill are taken as the inequality constraints and lead acid battery rating is an equality constraint for the model. Model is applied to a commercial smart premises and cost effectiveness is evaluated. Eligible green energy credit (GECue) is also determined if smart premises energy cost is higher than conventional grid energy cost.
Keywords :
hybrid power systems; lead acid batteries; power generation economics; smart power grids; solar cells; wind power plants; GECue; HPS model; PV module; cell temperature; green energy credit; hybrid power system; lead acid battery rating; lead acid tubular battery; photovoltaic module; renewable energy source; smart premises; solar irradiation; storage device; wind mill; wind speed; Batteries; Inverters; Investment; Power generation; Renewable energy sources; Smart grids; Wind speed; Hybrid power system; renewable energy sources; smart grid; smart premises;
Conference_Titel :
Global Humanitarian Technology Conference: South Asia Satellite (GHTC-SAS), 2013 IEEE
Conference_Location :
Trivandrum
Print_ISBN :
978-1-4799-1094-6
DOI :
10.1109/GHTC-SAS.2013.6629908
