Abstract
The increase in the installed capacities of intermittent renewable energy sources (RES), such as photovoltaic and wind power plants, imposes the need of electricity transactions between spatially distant power systems with the goal of global power balancing between production and consumption. In this paper, the methodology for determining the optimal spatial and temporal demand side management is presented, which aims to provide agreed energy transaction from one power system to another in the presence of intermittent generation from the RES and by satisfying all security constraints. The objective function of the optimization problem is the minimum total daily operating costs of conventional power plants and costs of energy losses in the transmission network. The optimal solution is calculated by using a quadratic programming method. The proposed methodology is demonstrated in the case of energy transmission through the real transmission network in Serbia. The results confirm the overall system performance improvements that include: reduction of energy losses in the system, reduction of operating costs and increase of system security.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
