Benefits maximisation of Distribution Company by optimum deployment of renewable energy source and DSTATCOM

Abstract

Now-a-days, with the worldwide economic boom, there has been a steady increase in load demand, which further reduces voltage magnitude of mainly tail-end buses and increases losses. Further, the profit margin of the Distribution Company (DISCO) has also come down and providing reliable power supply has become a major concern. Under this circumstance, this study proposes an analytical method to accomplish the optimal integration of solar DG and DSTATCOM to enhance techno-eco-environmental benefits. Instead of traditional soft-computing techniques, a simple, easy to implement and computationally efficient analytical technique is proposed to carry out the device incorporation process. To find suitable locations for device placement, a new and innovative formula called Device Location Selection Index (DLSI) is developed. To properly design scenario, uncertain nature of DG’s output and load is considered. A meticulous performance analysis is presented considering different scenarios to facilitate DISCO with an optimal strategy.