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Optimization of Cost and Sensitivity Analysis of a Standalone Microgrid

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Signals, Machines and Automation (SIGMA 2022)

Part of the book series: Lecture Notes in Electrical Engineering ((LNEE,volume 1023))

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Abstract

This paper discusses the cost optimization and sensitivity analysis of standalone and hybrid microgrids in remote areas. The hybrid microgrid considered in this paper comprises a diesel generator (DG), wind turbine (WT), and solar PV unit. Cost optimization and sensitivity analysis have been performed by changing diesel price, solar irradiation, and wind speed. The proposed approach in this paper can work for the progress of rural places by using a cleaner, eco-friendly environment based on renewable energy sources (RESs) to acquire load requirements. For the simulation studies and economic expediency, a remote village, named Kotapokhari in Khordha District, Odisha, India, is considered. The Hybrid Optimization Model for Electric Renewable (HOMER) Pro software is used for analyzing the economic feasibility of the proposed hybrid microgrid. The best combination of the microgrid for minimal net present cost and cost of energy was found. Further, the sensitivity analysis and emission by pollutants and load sharing of different components of the standalone microgrid were formulated. The suitability and cost-effectiveness of the proposed hybrid power system are validated from simulation results.

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Author information

Authors and Affiliations

  1. Department of Electrical Engineering, Veer Surendra Sai University of Technology, Burla, India

    Papia Ray

  2. Department of Railroad and Electrical Engineering, Woosong University, Daejeon, Republic of Korea

    Surender Reddy Salkuti

Authors
  1. Papia Ray
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  2. Surender Reddy Salkuti
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Corresponding author

Correspondence to Surender Reddy Salkuti .

Editor information

Editors and Affiliations

  1. Department of Instrumentation and Control Engineering, Netaji Subhas University of Technology, New Delhi, Delhi, India

    Asha Rani

  2. Department of Instrumentation and Control Engineering, Netaji Subhas University of Technology, New Delhi, Delhi, India

    Bhavnesh Kumar

  3. Department of Electrical Engineering, National Institute of Technology Delhi, New Delhi, Delhi, India

    Vivek Shrivastava

  4. Department of Electrical Engineering, University of Sharjah, Sharjah, United Arab Emirates

    Ramesh C. Bansal

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Ray, P., Salkuti, S.R. (2023). Optimization of Cost and Sensitivity Analysis of a Standalone Microgrid. In: Rani, A., Kumar, B., Shrivastava, V., Bansal, R.C. (eds) Signals, Machines and Automation. SIGMA 2022. Lecture Notes in Electrical Engineering, vol 1023. Springer, Singapore. https://doi.org/10.1007/978-981-99-0969-8_7

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  • DOI: https://doi.org/10.1007/978-981-99-0969-8_7

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-99-0968-1

  • Online ISBN: 978-981-99-0969-8

  • eBook Packages: EnergyEnergy (R0)

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