IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i15p6581-d1447621.html
   My bibliography  Save this article

Maximization of Total Profit for Hybrid Hydro-Thermal-Wind-Solar Power Systems Considering Pumped Storage, Cascaded Systems, and Renewable Energy Uncertainty in a Real Zone, Vietnam

Author

Listed:
  • Phu Trieu Ha

    (Faculty of Electrical and Electronics Engineering, Ton Duc Thang University, Ho Chi Minh City 700000, Vietnam
    Faculty of Electronics and Telecommunications, Saigon University, Ho Chi Minh City 700000, Vietnam)

  • Dao Trong Tran

    (Division of MERLIN, Faculty of Electrical and Electronics Engineering, Ton Duc Thang University, Ho Chi Minh City 700000, Vietnam)

  • Tan Minh Phan

    (Power System Optimization Research Group, Faculty of Electrical and Electronics Engineering, Ton Duc Thang University, Ho Chi Minh City 700000, Vietnam)

  • Thang Trung Nguyen

    (Power System Optimization Research Group, Faculty of Electrical and Electronics Engineering, Ton Duc Thang University, Ho Chi Minh City 700000, Vietnam)

Abstract

The study maximizes the total profit of a hybrid power system with cascaded hydropower plants, thermal power plants, pumped storage hydropower plants, and wind and solar power plants over one operation day, considering the uncertainty of wind speed and solar radiation. Wind speed and solar radiation in a specific zone in Vietnam are collected using the wind and solar global atlases, and the maximum data are then supposed to be 120% of the collection for uncertainty consideration. The metaheuristic algorithms, including the original Slime mould algorithm (SMA), Equilibrium optimizer, and improved Slime mould algorithm (ISMA), are implemented for the system. ISMA is a developed version of SMA that cancels old methods and proposes new methods of updating new solutions. In the first stage, the cascaded system with four hydropower plants is optimally operated by simulating two cases: simultaneous optimization and individual optimization. ISMA is better than EO and SMA for the two cases, and the results of ISMA from the simultaneous optimization reach greater energy than individual optimization by 154.8 MW, equivalent to 4.11% of the individual optimization. For the whole system, ISMA can reach a greater total profit than EO and SMA over one operating day by USD 6007.5 and USD 650.5, equivalent to 0.12% and 0.013%. The results indicate that the optimization operation of cascaded hydropower plants and hybrid power systems can reach a huge benefit in electricity sales

Suggested Citation

  • Phu Trieu Ha & Dao Trong Tran & Tan Minh Phan & Thang Trung Nguyen, 2024. "Maximization of Total Profit for Hybrid Hydro-Thermal-Wind-Solar Power Systems Considering Pumped Storage, Cascaded Systems, and Renewable Energy Uncertainty in a Real Zone, Vietnam," Sustainability, MDPI, vol. 16(15), pages 1-19, August.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:15:p:6581-:d:1447621
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/15/6581/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/15/6581/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Biswas, Partha P. & Suganthan, P.N. & Qu, B.Y. & Amaratunga, Gehan A.J., 2018. "Multiobjective economic-environmental power dispatch with stochastic wind-solar-small hydro power," Energy, Elsevier, vol. 150(C), pages 1039-1057.
    2. Jinjin Gao & Yuan Zheng & Jianming Li & Xiaoming Zhu & Kan Kan, 2018. "Optimal Model for Complementary Operation of a Photovoltaic-Wind-Pumped Storage System," Mathematical Problems in Engineering, Hindawi, vol. 2018, pages 1-9, December.
    3. Shen, Jianjian & Cheng, Chuntian & Zhang, Xiufei & Zhou, Binbin, 2018. "Coordinated operations of multiple-reservoir cascaded hydropower plants with cooperation benefit allocation," Energy, Elsevier, vol. 153(C), pages 509-518.
    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. Le Chi Kien & Ly Huu Pham & Minh Phuc Duong & Tan Minh Phan, 2024. "Maximizing the Total Profit of Combined Systems with a Pumped Storage Hydropower Plant and Renewable Energy Sources Using a Modified Slime Mould Algorithm," Energies, MDPI, vol. 17(24), pages 1-25, December.

    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. Yanyue Wang & Guohua Fang & Zhenni Wang, 2022. "The Benefit Realization Mechanism of Pumped Storage Power Plants Based on Multi-Dimensional Regulation and Leader-Follower Decision-Making," Energies, MDPI, vol. 15(16), pages 1-15, August.
    2. Khaled Nusair & Lina Alhmoud, 2020. "Application of Equilibrium Optimizer Algorithm for Optimal Power Flow with High Penetration of Renewable Energy," Energies, MDPI, vol. 13(22), pages 1-35, November.
    3. Ting Wang & Qiya Wang & Caiqing Zhang, 2021. "Research on the Optimal Operation of a Novel Renewable Multi-Energy Complementary System in Rural Areas," Sustainability, MDPI, vol. 13(4), pages 1-16, February.
    4. Javed, Muhammad Shahzad & Ma, Tao & Jurasz, Jakub & Mikulik, Jerzy, 2021. "A hybrid method for scenario-based techno-economic-environmental analysis of off-grid renewable energy systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 139(C).
    5. Yang, Yuqi & Zhou, Jianzhong & Liu, Guangbiao & Mo, Li & Wang, Yongqiang & Jia, Benjun & He, Feifei, 2020. "Multi-plan formulation of hydropower generation considering uncertainty of wind power," Applied Energy, Elsevier, vol. 260(C).
    6. Le Chi Kien & Ly Huu Pham & Minh Phuc Duong & Tan Minh Phan, 2024. "Maximizing the Total Profit of Combined Systems with a Pumped Storage Hydropower Plant and Renewable Energy Sources Using a Modified Slime Mould Algorithm," Energies, MDPI, vol. 17(24), pages 1-25, December.
    7. Wesseh, Presley K. & Benjamin, Nelson I. & Lin, Boqiang, 2022. "The coordination of pumped hydro storage, electric vehicles, and climate policy in imperfect electricity markets: Insights from China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 160(C).
    8. Yun Chen & Zhigen Hu & Quan Liu & Shu Chen, 2020. "Evolutionary Game Analysis of Tripartite Cooperation Strategy under Mixed Development Environment of Cascade Hydropower Stations," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 34(6), pages 1951-1970, April.
    9. Ziad M. Ali & Shady H. E. Abdel Aleem & Ahmed I. Omar & Bahaa Saad Mahmoud, 2022. "Economical-Environmental-Technical Operation of Power Networks with High Penetration of Renewable Energy Systems Using Multi-Objective Coronavirus Herd Immunity Algorithm," Mathematics, MDPI, vol. 10(7), pages 1-43, April.
    10. Yang, Shenbo & Tan, Zhongfu & Lin, Hongyu & Li, Peng & De, Gejirifu & Zhou, Feng’ao & Ju, Liwei, 2020. "A two-stage optimization model for Park Integrated Energy System operation and benefit allocation considering the effect of Time-Of-Use energy price," Energy, Elsevier, vol. 195(C).
    11. Yuan, Wenlin & Wang, Xinqi & Su, Chengguo & Cheng, Chuntian & Liu, Zhe & Wu, Zening, 2021. "Stochastic optimization model for the short-term joint operation of photovoltaic power and hydropower plants based on chance-constrained programming," Energy, Elsevier, vol. 222(C).
    12. Lavrič, Henrik & Rihar, Andraž & Fišer, Rastko, 2018. "Simulation of electrical energy production in Archimedes screw-based ultra-low head small hydropower plant considering environment protection conditions and technical limitations," Energy, Elsevier, vol. 164(C), pages 87-98.
    13. Ahmed I. Omar & Ziad M. Ali & Mostafa Al-Gabalawy & Shady H. E. Abdel Aleem & Mujahed Al-Dhaifallah, 2020. "Multi-Objective Environmental Economic Dispatch of an Electricity System Considering Integrated Natural Gas Units and Variable Renewable Energy Sources," Mathematics, MDPI, vol. 8(7), pages 1-37, July.
    14. Xin Yan & Qian Zhang, 2023. "Research on Combination of Distributed Generation Placement and Dynamic Distribution Network Reconfiguration Based on MIBWOA," Sustainability, MDPI, vol. 15(12), pages 1-34, June.
    15. Zhang, Yusheng & Ma, Chao & Yang, Yang & Pang, Xiulan & Liu, Lu & Lian, Jijian, 2021. "Study on short-term optimal operation of cascade hydro-photovoltaic hybrid systems," Applied Energy, Elsevier, vol. 291(C).
    16. Zhang, Junxia & Li, Xingmei & Jia, Dongqing & Zhou, Yuexin, 2023. "A Bi-level programming for union battery swapping stations location-routing problem under joint distribution and cost allocation," Energy, Elsevier, vol. 272(C).
    17. O., Yugeswar Reddy & J., Jithendranath & Chakraborty, Ajoy Kumar & Guerrero, Josep M., 2022. "Stochastic optimal power flow in islanded DC microgrids with correlated load and solar PV uncertainties," Applied Energy, Elsevier, vol. 307(C).
    18. Xin-gang, Zhao & Ze-qi, Zhang & Yi-min, Xie & Jin, Meng, 2020. "Economic-environmental dispatch of microgrid based on improved quantum particle swarm optimization," Energy, Elsevier, vol. 195(C).
    19. Khaled Nusair & Feras Alasali, 2020. "Optimal Power Flow Management System for a Power Network with Stochastic Renewable Energy Resources Using Golden Ratio Optimization Method," Energies, MDPI, vol. 13(14), pages 1-46, July.
    20. Ju, Liwei & Bai, Xiping & Li, Gen & Gan, Wei & Qi, Xin & Ye, Fan, 2024. "Two-stage robust transaction optimization model and benefit allocation strategy for new energy power stations with shared energy storage considering green certificate and virtual energy storage mode," Applied Energy, Elsevier, vol. 362(C).

    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:gam:jsusta:v:16:y:2024:i:15:p:6581-:d:1447621. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.