Maximizing the cost effectiveness of electric power generation through the integration of distributed generators: wind, hydro and solar power

Abstract

BackgroundThe transition towards renewable energy sources has become an imperative step to mitigate climate change, reduce carbon emissions and improve energy security and economic prosperity in a sustainable manner. Maximizing the cost effectiveness of electric power generation is crucial to making renewable energy sources viable and attractive options for clean energy production. The strategic allocation of wind, hydro and solar power systems is essential to achieving this goal. This paper attempts to demonstrate how the cost effectiveness of electrical power system could be maximized through the integration of wind, solar and hydropower systems and comparison at different penetration levels of 0, 25, 50, 75 and 100% on cost effectiveness of electric power generation. The different generator technologies were designed based on their electrical output attributions.ResultsThe cost of electric generation for the integration of each generator at the various buses were calculated at different penetration level for fair comparison. The results indicate that the minimum money loss for the integration of solar power was $743.90 at bus 4 and at 50% penetration level, the minimum money loss for the integration of wind power was $999.00 at bus 4 and at 25% penetration level while the minimum amount loss for the integration of hydropower was $546.50 at bus 4 and at 75% penetration level.ConclusionsThe magnitude to which the integration of the different generator affects the cost effectiveness of power production hinges on the type of generator, the penetration level and the location of the generator in the grid.