Premium
Optimal asset allocation of wind energy units in conjunction with demand response for a large‐scale electric grid
Author(s) -
Wattoo Waqas Ahmad,
Feng Donghan,
Yousif Muhammad,
Tahir Sohaib,
Anwar Muhammad Tuoqeer,
Numan Muhammad
Publication year - 2019
Publication title -
international journal of energy research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.808
H-Index - 95
eISSN - 1099-114X
pISSN - 0363-907X
DOI - 10.1002/er.4663
Subject(s) - demand response , grid , renewable energy , electricity , wind power , peak demand , environmental economics , environmental science , computer science , engineering , economics , electrical engineering , geometry , mathematics
Summary Demand response is considered to be a realistic and comparatively inexpensive solution aimed at increasing the penetration of renewable generations into the bulk electricity systems. The work in this paper highlights the demand response in conjunction with the optimal capacity of installed wind energy resources allocation. Authors proposed a total annual system cost model to minimize the cost of allocating wind power generating assets. This model contains capacity expansion, production, uncertainty, wind variability, emissions, and elasticity in demand to find out cost per hour to deliver electricity. A large‐scale electric grid (25 GW) is used to apply this model. Authors discovered that demand response based on interhourly system is not as much helpful as demand response grounded on intrahourly system. According to results, 32% wind generation share will provide the least cost. It is also worth noting that optimal amount of wind generation is much sensitive to installation cost as well as carbon tax.