Browsing by Subject "cost analysis"

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Open Access
Benefits of forecasting and energy storage in isolated grids with large wind penetration – The case of Sao Vicente
(Elsevier, 2017) Yuan, S.; Kocaman, A.S.; Modi, V.
For electric grids that rely primarily on liquid fuel based power generation for energy provision, e.g. one or more diesel gensets, measures to allow a larger fraction of intermittent sources can pay-off since the displaced is high cost diesel powered generation. This paper presents a case study of Sao Vicente, located in Cape Verde where a particularly high fraction of wind capacity of 5.950ï¿½MW (75% of the average demand) is installed, with diesel gensets forming the dispatchable source of power. This high penetration of intermittent power is managed through conservative forecasting and curtailments. Two potential approaches to reduce curtailments are examined in this paper: 1) an improved wind speed forecasting using a rolling horizon ARIMA model; and 2) energy storage. This case study shows that combining renewable energy forecasting and energy storage is a promising solution which enhances diesel fuel savings as well as enables the isolated grid to further increase the annual renewable energy penetration from the current 30.4% up to 38% while reducing grid unreliability. In general, since renewable energy forecasting ensures more accurate scheduling and energy storage absorbs scheduling error, this solution is applicable to any small size isolated power grid with large renewable energy penetration.
Open Access
Minimum cost path problem for Plug-in Hybrid Electric Vehicles
(Elsevier Ltd, 2015) Arslan O.; Yildiz, B.; Karaşan O.E.
We introduce a practically important and theoretically challenging problem: finding the minimum cost path for PHEVs in a road network with refueling and charging stations. We show that this problem is NP-complete and present a mixed integer quadratically constrained formulation, a discrete approximation dynamic programming heuristic, and a shortest path heuristic as solution methodologies. Practical applications of the problem in transportation and logistics, considering specifically the long-distance trips, are discussed in detail. Through extensive computational experiments, significant insights are provided. In addition to the charging infrastructure availability, a driver's stopping tolerance arises as another critical factor affecting the transportation costs. © 2015 Elsevier Ltd.