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Two-Stage Optimal Sizing of Standalone Hybrid Electricity Systems with Time-of-Use Incentive Demand Response
- Source :
- 2020 IEEE Energy Conversion Congress and Exposition (ECCE).
- Publication Year :
- 2020
- Publisher :
- IEEE, 2020.
-
Abstract
- This paper presents a two-stage optimization technique in sizing various components of standalone hybrid electricity systems with time-of-use (ToU) incentive demand response program. In the first stage of optimization, the minimum levelized cost of electricity (LCOE) is determined without using demand response. The result of the first stage (LCOE) is used as a base rate to develop a ToU demand response for incentive payment in the second stage of optimization. In developing the incentive payment, three periods of a day (off-peak, shoulder, and peak) with different payment rates of electricity are considered. Five different standalone system configurations are developed using various combinations of diesel generators, wind generators, solar photovoltaics, battery energy storages, and flywheels. The proposed two-stage optimization technique is then applied to all five configurations of a remote area South Australian community. Real yearly data of electricity consumption, solar radiation, wind speed, and air temperature, as well as real market price of the components are used in the optimization. It has been found that the hybrid standalone system consisting of diesel, solar, wind, and battery has the minimum overall cost of electricity. Refereed/Peer-reviewed
- Subjects :
- Computer science
business.industry
energy storage system
05 social sciences
020207 software engineering
02 engineering and technology
renewable energy
Sizing
Wind speed
Automotive engineering
Renewable energy
Demand response
Incentive
demand response
Photovoltaics
optimal sizing
0202 electrical engineering, electronic engineering, information engineering
0501 psychology and cognitive sciences
hybrid remote area power system
Electricity
Cost of electricity by source
business
050107 human factors
levelized cost of electricity
Subjects
Details
- Database :
- OpenAIRE
- Journal :
- 2020 IEEE Energy Conversion Congress and Exposition (ECCE)
- Accession number :
- edsair.doi.dedup.....21d9bc47ab809b94de19f71bf93245e5