Abstract
The purpose of any electrical network is to provide electrical power reliably wherever it is needed, avoiding any loss of load. To do this effectively, electricity networks usually consist of various different types of plants, giving a generation portfolio. Energy storage plays a very vital role in renewable energy generation and allows for supply and demand. The action of the energy storage should allow for a reduction of the overall system fuel cost while still meeting the load demand. The fuel cost supply curve is plotted to estimate energy storage in order to minimise the overall system fuel cost. We have used the historical data for the electricity demand from the website of Central Electricity Authority of India. The energy storage is optimised to minimise the overall fuel cost for the system in order to maximise profit.
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