Energy Microgrid Equipment Capacity Optimization Based on Different Price Factors

Energy prices have the significant impacts on equipment capacity configuration in the design of energy microgrids. Addressing this issue, this article proposes a method for optimizing the equipment capacity configuration considering price sensitivity indicators. A capacity optimization configuration...

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Bibliographic Details
Published in2024 IEEE 2nd International Conference on Power Science and Technology (ICPST) pp. 1354 - 1359
Main Authors Wang, Yizhou, Wu, Xin, Zhou, Jiandu, Shi, Linjun, Wang, Naike
Format Conference Proceeding
LanguageEnglish
Published IEEE 09.05.2024
Subjects
capacity optimization
Cogeneration
Costs
energy microgrid
Heat pumps
Microgrids
price
Renewable energy sources
Sensitivity analysis
Solar energy
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Summary:Energy prices have the significant impacts on equipment capacity configuration in the design of energy microgrids. Addressing this issue, this article proposes a method for optimizing the equipment capacity configuration considering price sensitivity indicators. A capacity optimization configuration model is established with investment cost, maintenance cost, and fuel cost economy as objectives, with power balance constraints, and solved using the CPLEX solver. Case studies demonstrate the rationality of capacity optimization configuration and analyze the impact of various price factors on the optimization results based on sensitivity analysis.
DOI:10.1109/ICPST61417.2024.10601760