IDEAS home Printed from https://ideas.repec.org/a/eee/renene/v142y2019icp478-486.html
   My bibliography  Save this article

Economic benefits of Smart Microgrids with penetration of DER and mCHP units for non-interconnected islands

Author

Listed:
  • Anestis, Anastasiadis
  • Georgios, Vokas

Abstract

The coordinated control of Distributed Energy Resources (DER) allows the full exploitation of DER advantages. Smart Microgrids (SM) seem to be the best solution for the management of modern Low Voltage (LV) grids with DER especially for Non-Interconnected Greek Islands. The main purpose of this paper is to investigate the economic benefits that can be obtained from the coordinated control of DER and micro-Combined Heat and Power (mCHP) Units in SM operation. For each examined scenario, various market prices expressed by the System Marginal Prices (SMP) and DER-mCHP penetrations are considered for annual operation. All different cases are compared between them to determine which one is the most advantageous in terms of operational cost. A typical LV SM, standard DER units and typical market values have been considered to provide initial results. In addition, a sensitivity analysis is carried out in order to determine the effect of installed DER power on grid operation, such as in operating cost, power losses, power injected from the upstream distribution network, local DER production, etc. The presented results show clear the economic benefits in SM operation.

Suggested Citation

  • Anestis, Anastasiadis & Georgios, Vokas, 2019. "Economic benefits of Smart Microgrids with penetration of DER and mCHP units for non-interconnected islands," Renewable Energy, Elsevier, vol. 142(C), pages 478-486.
  • Handle: RePEc:eee:renene:v:142:y:2019:i:c:p:478-486
    DOI: 10.1016/j.renene.2019.04.084
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0960148119305683
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.renene.2019.04.084?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Colmenar-Santos, Antonio & Reino-Rio, Cipriano & Borge-Diez, David & Collado-Fernández, Eduardo, 2016. "Distributed generation: A review of factors that can contribute most to achieve a scenario of DG units embedded in the new distribution networks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 1130-1148.
    2. Hawkes, A.D. & Leach, M.A., 2009. "Modelling high level system design and unit commitment for a microgrid," Applied Energy, Elsevier, vol. 86(7-8), pages 1253-1265, July.
    3. Weber, C. & Shah, N., 2011. "Optimisation based design of a district energy system for an eco-town in the United Kingdom," Energy, Elsevier, vol. 36(2), pages 1292-1308.
    4. Colak, Ilhami & Sagiroglu, Seref & Fulli, Gianluca & Yesilbudak, Mehmet & Covrig, Catalin-Felix, 2016. "A survey on the critical issues in smart grid technologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 54(C), pages 396-405.
    5. Costa, Paulo Moisés & Matos, Manuel A. & Peças Lopes, J.A., 2008. "Regulation of microgeneration and microgrids," Energy Policy, Elsevier, vol. 36(10), pages 3893-3904, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Anestis G. Anastasiadis & Panagiotis Papadimitriou & Paraskevi Vlachou & Georgios A. Vokas, 2023. "Management of Hybrid Wind and Photovoltaic System Electrolyzer for Green Hydrogen Production and Storage in the Presence of a Small Fleet of Hydrogen Vehicles—An Economic Assessment," Energies, MDPI, vol. 16(24), pages 1-25, December.
    2. Sulabh Sachan & Sanchari Deb & Praveen Prakash Singh & Mohammad Saad Alam & Samir M. Shariff, 2022. "A comprehensive review of standards and best practices for utility grid integration with electric vehicle charging stations," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 11(3), May.
    3. Bishwajit Dey & Saurav Raj & Rohit Babu & Tapas Chhualsingh, 2023. "An approach to attain a balanced trade-off solution for dynamic economic emission dispatch problem on a microgrid system," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 14(4), pages 1300-1311, August.
    4. Diego Mendoza Osorio & Javier Rosero Garcia, 2023. "Convex Stochastic Approaches for the Optimal Allocation of Distributed Energy Resources in AC Distribution Networks with Measurements Fitted to a Continuous Probability Distribution Function," Energies, MDPI, vol. 16(14), pages 1-27, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wouters, Carmen & Fraga, Eric S. & James, Adrian M., 2015. "An energy integrated, multi-microgrid, MILP (mixed-integer linear programming) approach for residential distributed energy system planning – A South Australian case-study," Energy, Elsevier, vol. 85(C), pages 30-44.
    2. Chen, Yen-Haw & Lu, Su-Ying & Chang, Yung-Ruei & Lee, Ta-Tung & Hu, Ming-Che, 2013. "Economic analysis and optimal energy management models for microgrid systems: A case study in Taiwan," Applied Energy, Elsevier, vol. 103(C), pages 145-154.
    3. Gabrielli, Paolo & Gazzani, Matteo & Martelli, Emanuele & Mazzotti, Marco, 2018. "Optimal design of multi-energy systems with seasonal storage," Applied Energy, Elsevier, vol. 219(C), pages 408-424.
    4. Kakran, Sandeep & Chanana, Saurabh, 2018. "Smart operations of smart grids integrated with distributed generation: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P1), pages 524-535.
    5. Zhang, Di & Samsatli, Nouri J. & Hawkes, Adam D. & Brett, Dan J.L. & Shah, Nilay & Papageorgiou, Lazaros G., 2013. "Fair electricity transfer price and unit capacity selection for microgrids," Energy Economics, Elsevier, vol. 36(C), pages 581-593.
    6. Omu, Akomeno & Choudhary, Ruchi & Boies, Adam, 2013. "Distributed energy resource system optimisation using mixed integer linear programming," Energy Policy, Elsevier, vol. 61(C), pages 249-266.
    7. Zhang, Di & Evangelisti, Sara & Lettieri, Paola & Papageorgiou, Lazaros G., 2015. "Optimal design of CHP-based microgrids: Multiobjective optimisation and life cycle assessment," Energy, Elsevier, vol. 85(C), pages 181-193.
    8. Mavromatidis, Georgios & Orehounig, Kristina & Carmeliet, Jan, 2018. "A review of uncertainty characterisation approaches for the optimal design of distributed energy systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 88(C), pages 258-277.
    9. Lo Prete, Chiara & Hobbs, Benjamin F., 2016. "A cooperative game theoretic analysis of incentives for microgrids in regulated electricity markets," Applied Energy, Elsevier, vol. 169(C), pages 524-541.
    10. Wakui, Tetsuya & Yokoyama, Ryohei, 2014. "Optimal structural design of residential cogeneration systems in consideration of their operating restrictions," Energy, Elsevier, vol. 64(C), pages 719-733.
    11. Wu, Qiong & Ren, Hongbo & Gao, Weijun & Ren, Jianxing, 2016. "Multi-objective optimization of a distributed energy network integrated with heating interchange," Energy, Elsevier, vol. 109(C), pages 353-364.
    12. Wu, Qiong & Ren, Hongbo & Gao, Weijun & Weng, Peifen & Ren, Jianxing, 2018. "Coupling optimization of urban spatial structure and neighborhood-scale distributed energy systems," Energy, Elsevier, vol. 144(C), pages 472-481.
    13. Di Somma, M. & Yan, B. & Bianco, N. & Graditi, G. & Luh, P.B. & Mongibello, L. & Naso, V., 2017. "Multi-objective design optimization of distributed energy systems through cost and exergy assessments," Applied Energy, Elsevier, vol. 204(C), pages 1299-1316.
    14. Mehleri, Eugenia D. & Sarimveis, Haralambos & Markatos, Nikolaos C. & Papageorgiou, Lazaros G., 2012. "A mathematical programming approach for optimal design of distributed energy systems at the neighbourhood level," Energy, Elsevier, vol. 44(1), pages 96-104.
    15. Hu, Ming-Che & Lu, Su-Ying & Chen, Yen-Haw, 2016. "Stochastic programming and market equilibrium analysis of microgrids energy management systems," Energy, Elsevier, vol. 113(C), pages 662-670.
    16. Bracco, Stefano & Dentici, Gabriele & Siri, Silvia, 2016. "DESOD: a mathematical programming tool to optimally design a distributed energy system," Energy, Elsevier, vol. 100(C), pages 298-309.
    17. Panagiotis Michalitsakos & Lucian Mihet-Popa & George Xydis, 2017. "A Hybrid RES Distributed Generation System for Autonomous Islands: A DER-CAM and Storage-Based Economic and Optimal Dispatch Analysis," Sustainability, MDPI, vol. 9(11), pages 1-16, November.
    18. Andrés Felipe Pérez Posada & Juan G. Villegas & Jesús M. López-Lezama, 2017. "A Scatter Search Heuristic for the Optimal Location, Sizing and Contract Pricing of Distributed Generation in Electric Distribution Systems," Energies, MDPI, vol. 10(10), pages 1-16, September.
    19. Gabrielli, Paolo & Gazzani, Matteo & Mazzotti, Marco, 2018. "Electrochemical conversion technologies for optimal design of decentralized multi-energy systems: Modeling framework and technology assessment," Applied Energy, Elsevier, vol. 221(C), pages 557-575.
    20. Mehleri, E.D. & Sarimveis, H. & Markatos, N.C. & Papageorgiou, L.G., 2013. "Optimal design and operation of distributed energy systems: Application to Greek residential sector," Renewable Energy, Elsevier, vol. 51(C), pages 331-342.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:renene:v:142:y:2019:i:c:p:478-486. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/renewable-energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.