July 2023
Intermediate to advanced
368 pages
9h 25m
English
book
Energy Storage Technologies in Grid Modernization
by Sandeep Dhundhara, Yajvender Pal Verma, Ashwani Kumar
Content preview from Energy Storage Technologies in Grid Modernization
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10Cost-Benefit Analysis with Optimal DG Allocation and Energy Storage System Incorporating Demand Response Technique
Rohit Kandpal1, Ashwani Kumar1*, Sandeep Dhundhara2 and Yajvender Pal Verma3
1Department of Electrical Engineering, National Institute of Technology Kurukshetra, Kurukshetra, India
2Department of Basic Engineering, COAE&T, CCS Haryana Agricultural University, Hisar, India
3Department of Electrical and Electronics Engineering, UIET, Panjab University, Chandigarh, India
Abstract
Economics plays a crucial role in fulfilling the sustainable development goals in the current world scenario. The enhanced competitiveness in the current power sector market due to deregulation makes reliable power distribution more of a techno-economic problem than a technical issue. The power loss minimization is a pressing issue while dealing with the distribution network as it is the lion’s share of the total losses occurring in the system. In this study, an analysis is conducted on IEEE 33 bus radial distribution system (RDS) using grey wolf optimization for allocation of photovoltaic panel-based DG (PVDG), wind turbine-based DG (WTDG), diesel DG and energy storage system (ESS) for minimizing the energy losses. Further, the electric vehicle charging stations (EVCS) are optimally allocated along with the real-time pricing demand response technique, and its effects on distribution locational marginal pricing are evaluated. Moreover, the cost-benefit analysis of incorporating the demand ...
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