An optimal investment planning framework for multiple distributed generation units in industrial distribution systems
Duong Quoc Hung,
N. Mithulananthan and
R.C. Bansal
Applied Energy, 2014, vol. 124, issue C, 62-72
Abstract:
This paper presents new analytical expressions to efficiently capture the optimal power factor of each Distributed Generation (DG) unit for reducing energy losses and enhancing voltage stability over a given planning horizon. These expressions are based on the derivation of a multi-objective index (IMO), which is formulated as a combination of active and reactive power loss indices. The decision for the optimal location, size and number of DG units is then obtained through a benefit–cost analysis. Here, the total benefit includes energy sales and additional benefits, namely energy loss reduction, network upgrade deferral and emission reduction. The total cost is a sum of capital, operation and maintenance costs. The methodology was applied to a 69-bus industrial distribution system. The results showed that the additional benefits are imperative. Inclusion of these in the analysis would yield faster DG investment recovery.
Keywords: Distributed generation; Emission reduction; Loss reduction; Network upgrade deferral; Optimal power factor; Voltage stability (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (21)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:appene:v:124:y:2014:i:c:p:62-72
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DOI: 10.1016/j.apenergy.2014.03.005
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