The Impact of Energy Storage along with the Allocation of RES on the Reduction of Energy Costs Using MILP

Mateusz Andrychowicz
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Mateusz Andrychowicz: Institute of Mechatronics and Information Systems, Lodz University of Technology, 90-924 Lodz, Poland

Energies, 2021, vol. 14, issue 13, 1-15

Abstract: The paper shows a method of optimizing local initiatives in the energy sector, such as energy cooperatives and energy clusters. The aim of optimization is to determine the structure of generation sources and energy storage in order to minimize energy costs. The analysis is carried out for the time horizon of one year, with an hourly increment, taking into account various RES (wind turbines (WT), photovoltaic installations (PV), and biogas power plant (BG)) and loads (residential, commercial, and industrial). Generation sources and loads are characterized by generation/demand profiles in order to take into account their variability. The optimization was carried out taking into account the technical aspects of the operation of distribution systems, such as power flows and losses, voltage levels in nodes, and power exchange with the transmission system, and economic aspects, such as capital and fixed and variable operating costs. The method was calculated by sixteen simulation scenarios using Mixed-Integer Linear Programming (MILP).

Keywords: RES allocation; wind turbines (WT); photovoltaic installations (PV); system modeling; energy storages (ES); energy system optimization; cost of energy (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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