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A Bi-level Multi-objective Optimization Model for the Planning, Design and Operation of Smart Grid Projects. Case Study: An Islanded Microgrid

Author

Listed:
  • Ricardo Echeverri Mart nez

    (School of Electrical and Electronic Engineering, Universidad del Valle, Colombia.)

  • Eduardo Caicedo Bravo

    (School of Electrical and Electronic Engineering, Universidad del Valle, Colombia.)

  • Wilfredo Alfonso Morales

    (School of Electrical and Electronic Engineering, Universidad del Valle, Colombia.)

  • Juan David Garcia-Racines

    (School of Electrical and Electronic Engineering, Universidad del Valle, Colombia.)

Abstract

The planning and operation of Smart Grid projects is an issue that has increased in complexity and requires further analysis. This is due to the increase of distributed generation sources, generation with renewable sources, storage systems, and a disarticulation of information between the different levels in the sector and the stakeholders. All these factors lead to the inherent difficulty of defining appropriate models that help decision making. This paper proposes a bi-level optimization model to solve the problem of planning and operation of microgrid projects, as these can be considered as an ideal small-scale prototype of the so-called Smart Grids. In this bi-level scheme, the problem of planning or design of the microgrid is formulated at the upper level, while the problem of power dispatch or operation of the units is described at the lower level. The proposed multilevel multi-objective decision model is inspired by the System of System (SoS) concept in order to integrate qualitative and quantitative decision-making tools. Likewise, Key Performance Indicators (KPIs) are used for the detailed and continuous monitoring of any project. The presented model is applied using the information of an electrically isolated microgrid on the Colombian Pacific coast.

Suggested Citation

  • Ricardo Echeverri Mart nez & Eduardo Caicedo Bravo & Wilfredo Alfonso Morales & Juan David Garcia-Racines, 2020. "A Bi-level Multi-objective Optimization Model for the Planning, Design and Operation of Smart Grid Projects. Case Study: An Islanded Microgrid," International Journal of Energy Economics and Policy, Econjournals, vol. 10(4), pages 325-341.
    • Handle: RePEc:eco:journ2:2020-04-41
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    References listed on IDEAS

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    Cited by:

    1. Wilmer Ropero-Castaño & Nicolás Muñoz-Galeano & Eduardo F. Caicedo-Bravo & Pablo Maya-Duque & Jesús M. López-Lezama, 2022. "Sizing Assessment of Islanded Microgrids Considering Total Investment Cost and Tax Benefits in Colombia," Energies, MDPI, vol. 15(14), pages 1-24, July.

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    More about this item

    Keywords

    Smart Grids; Bi-level optimization; Decision Making; Key Performance Indicators; QFD; Energy planning and management.;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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