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Profit Maximization by Joint Operation of Solar-Battery Storage System in a Renewable-Integrated Deregulated Power Market

  • Jayanta Bhusan BasuEmail author
  • Subhojit Dawn
  • Pradip Kumar Saha
  • Prashant Kumar Tiwari
Conference paper
  • 82 Downloads
Part of the Learning and Analytics in Intelligent Systems book series (LAIS, volume 12)

Abstract

Integration of renewable energy sources in existing thermal power plant gives the enthusiasm towards carbon diminishing environment throughout the world. Due to the uncertain nature of renewable energy, several constraints are constructed in the operation of renewable-thermal hybrid system, which must be overcome for maximizing the economic sustainability and reliability of the system. Solar photovoltaic cell and battery storage system can be used to reduce the negative economic impacts of uncertain wind penetration in the fully deregulated power environment. This paper proposed an effective and reliable operating scheme of solar and battery storage hybrid system to maximize the economic profit while the grid frequency is maintained & imbalance cost because of the difference between predicted & actual wind speed is minimized. The proposed approach is checked for its effectiveness using modified IEEE 14-bus system.

Keywords

Imbalance cost Competitive power market Deficit charge rate Surplus charge rate Uncertain wind penetration Solar-battery hybrid system 

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  • Jayanta Bhusan Basu
    • 1
    Email author
  • Subhojit Dawn
    • 1
  • Pradip Kumar Saha
    • 2
  • Prashant Kumar Tiwari
    • 3
  1. 1.Department of Electrical EngineeringSiliguri Institute of TechnologySiliguriIndia
  2. 2.Department of Electrical EngineeringJalpaiguri Government Engineering CollegeJalpaiguriIndia
  3. 3.Department of Electrical EngineeringNational Institute of Technology SilcharSilcharIndia

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