Economic analysis and optimal energy management models for microgrid systems: A case study in Taiwan

• Published in: Applied energy Vol. 103; pp. 145 - 154
• Main Authors: Chen, Yen-Haw, Lu, Su-Ying, Chang, Yung-Ruei, Lee, Ta-Tung, Hu, Ming-Che
• Format: Journal Article
• Language: English
• Published: Kidlington Elsevier Ltd 01.03.2013; Elsevier
• Subjects: Applied sciences; batteries; case studies; economic analysis; Economic data; efficiency; Electric energy; electricity; Energy; Energy economics; Exact sciences and technology; General, economic and professional studies; greenhouse gas emissions; heat; Microgrid; Natural energy; Optimization; power generation; renewable energy; Sensitivity analysis; strategies; systems; Taiwan; wind power; Asia; Taiwan; Microgrid; Optimization; Sensitivity analysis; Multicriteria analysis; Small scale; Economic optimization; Smart grid; Case study; Optimal strategy; Wind energy; Electricity; Supply demand balance; Storage capacity; Solar energy; Technicoeconomic study; Production capacity; Photovoltaic generator; Energy management

► An optimization model of energy supply in microgrid system is formulated. ► Optimal energy management strategies are determined. ► Sensitivity analyses of storage capacity and energy demand is performed. The purpose of this research is to perform economic analysis, formulate an optimization model,...