Exploring the Potentials of Demand Side Flexibilities on the Investment Decisions of Renewable-Powered Microgrids

Articles in Press

Document Type : Original Article

Authors

Azarbaijan Shahid Madani University

10.22109/jemt.2023.398801.1451

Abstract

In distribution networks with substantial penetrations of variable generation (VG), demand-side management (DSM) schemes might be seen as an ideal replacement for delivering spatiotemporal energy arbitrage. From a system viewpoint, it would be advantageous to include DSM in the microgrid (µG) planning issue, but it may lead to profit scarcity for µG operators or end-users. To that purpose, the equilibrium issue in this work examines interactions between DSM and µG planning within a competitive electricity market. Reliability requirements place restrictions on the issue in order to ensure that there is an adequate supply of µGs in the islanding mode. The scenarios are reduced to make the model more obedient while taking into account the uncertainty brought on by VG. Finally, the suggested issue is resolved on a test bed with a VG portfolio and various techno-economic characteristics of potential DSM and µG cutting-edge technologies using the diagonalization approach. The case study demonstrates that the availability of DSM schemes has a substantial impact on the optimum µG investment choices. As a result, implementing DSM not only allows for a large delay in investments but also improves the system's flexibility and dependability in times of crisis. Overall, the DSM programs have the potential to positively impact on investment decisions in µG planning by reducing capital expenditure, optimizing resource utilization, improving grid reliability, providing cost savings, and facilitating the integration of renewable energy sources.

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Journal of Energy Management and Technology

Articles in Press, Accepted Manuscript
Available Online from 22 December 2023

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History

  • Receive Date: 23 May 2023
  • Revise Date: 04 December 2023
  • Accept Date: 22 December 2023

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