Management Optimization of Electricity System with Sustainability Enhancement

Wei Hou, Rita Yi Man Li and Thanawan Sittihai
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Wei Hou: Chakrabongse Bhuvanarth International Institute for Interdisciplinary Studies, Rajamangala University of Technology Tawan-Ok, Bangkok 10400, Thailand
Rita Yi Man Li: Sustainable Real Estate Research Center, Hong Kong Shue Yan University, Hong Kong, China
Thanawan Sittihai: Chakrabongse Bhuvanarth International Institute for Interdisciplinary Studies, Rajamangala University of Technology Tawan-Ok, Bangkok 10400, Thailand

Sustainability, 2022, vol. 14, issue 11, 1-17

Abstract: Based on new policies and social changes, renewable energies have highly penetrated electrical systems, making the system more vulnerable than before. On the other hand, it leads to congestion and competition within the network. To this end, this paper developed a probabilistic multi-objective-based congestion management approach and applied it to the optimal transmission switching (OTS) strategies, to maximize system suitability and minimize total production costs. A point estimation economic method (PEM) has been applied, as one of the best management and economic tools to handle the uncertainties associated with a wind turbine’s power production and load demand (LD). Results demonstrate the effectiveness and merit of the proposed technique, compared to the existing one, which can lead to higher reliability and sustainability for the grids.

Keywords: dynamic thermal rating; probabilistic energy demand; two points approximation scheme; wind power; congestion management; electricity optimization; MPSO multi-objective optimization; suitability (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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