The Effect of Economic Conditions on Optimal Sizing and Feasibility of Hybrid Power System
Küçük Resim Yok
Tarih
2023
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Institute of Electrical and Electronics Engineers Inc.
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Clean energy-focused hybrid power systems (HPS) can help countries with their sustainable development plans. Optimal sizing of HPS depending on the varying countries' economic conditions in a reliable and robust strategy can reduce investment risks. This study performed optimal PV-DG-ESS based HPS sizing and feasibility analyses for Antalya, considering Türkiye's last ten years' interest and inflation rates, energy purchase costs, diesel costs, HPS investment, and operating costs. Moreover, the scope of the study is extended by sensitivity analyses on solar radiation, interest, and inflation. The results show that the proposed optimal HPS can reduce electricity purchase costs by up to $143.8 thousand/year and increase the renewable fraction by up to 74%, considering the current economic and climatic conditions. According to the sensitivity analysis, the grid was preferred in scenarios where solar radiation was lower than 5.5 kWh/m2/day. The research revealed the impact of economic conditions on HPS and is expected to guide investors and policymakers. © 2023 IEEE.
Açıklama
14th International Conference on Electrical and Electronics Engineering, ELECO 2023 -- 30 November 2023 through 2 December 2023 -- Virtual, Bursa -- 197135
Anahtar Kelimeler
diesel fuel price, Electric vehicle, grid tariff, HPS capital cost, optimization, Cost benefit analysis, Diesel engines, Economic analysis, Economic and social effects, Investments, Operating costs, Sensitivity analysis, Diesel fuel price, Economic condition, Fuel prices, Grid tariff, Hybrid power, Hybrid power system capital cost, Optimal sizing, Optimisations, Purchase cost, System capital costs, Solar radiation
Kaynak
14th International Conference on Electrical and Electronics Engineering, ELECO 2023 - Proceedings
WoS Q Değeri
Scopus Q Değeri
N/A
