Market based operation of a hybrid system including wind turbine, solar cells, storage device and interruptable load

CO2 emission, fossil fuels decrease and progressive growing energy needs have created many new difficulties for energy supply in the world. Renewable energy resources (RES) based on Distributed Generation (DG) are innovated in response to pollution lower, efficiency enhancement, cost reduction and reliability improvement in deregulated market over the past two decades. Renewable generations are principally characterized by variability and uncertainty properties. Novel approaches are necessitated to robustly utilize the resources. Energy storage devices and demand response programs have strong ability to complement the renewable weakness attributes. Intelligent technologies have provided smooth path for balancing demand and supply more than before in smart grid environment. In this paper, energy storages and interruptable electrical load service; subsection of demand response programs as smart grid important keys are applied to entirely utilize the valuable resources; wind and solar in a proposed innovative hybrid energy system. The system has rich capability to exchange electricity between electricity networks in power market environment to profitably achieve minimum cost operation and maximize revenue. The approach is implemented on a commercial load through GAMS software in 24 hours a day. Results approve that what technology should be intelligently exploited to satisfy electrical commercial load in smart electrical power networks at every hour to minimize operation costs and maximize revenue.