Feasibility of Solar Grid-Based Industrial Virtual Power Plant for Optimal Energy Scheduling: A Case of Indian Power Sector

Abstract

The increased popularity of small-scale DER has replaced the well-established concept of conventional generating plants around the world. In the present energy scenario, a significant share of energy production now comes from the grid integrated DERs installed at various consumer premises. These DERs are being renewable-based generates only intermittent power, which in turn makes the scheduling of electrical dispatch a tough task. The Virtual Power Plant (VPP) is a potential solution to this challenge, which coordinates and aggregates the DERs generation into a single controllable profile. In this paper, a modified PSO-based multi-objective optimization is proposed for the VPP scheduling in distribution network applications such as energy cost minimization, peak shaving, and reliability improvement. For feasibility analysis of the VPP, a case study of state power utility is taken, which includes a 90 bus industrial feeder with grid integrated PVs as DER. The optimized results are computed in both grid-connected and autonomous mode reveal that the operating cost, peak demand, and EENS are declined by 31.70%, 23.59%, and 62.30% respectively. The overall results obtained are compared by the results obtained from other well-established optimization techniques and it is found that the proposed technique is comparatively more cost-effective than others.

A multilayer perceptron neural network approach for optimizing solar irradiance forecasting in Central Africa with meteorological insights

“…Our research adds to the discussion on sustainable energy practices, offering valuable insights for managing the challenges of shifting towards renewable and ecologically friendly energy sources. Given the historical development of energy sources, the present difficulties, and the urgent need for sustainable options, our study becomes important and pertinent in tackling modern energy challenges 13 , 14 .…”

Virtual Power Plant Optimization in Smart Grids: A Narrative Review

“…Digital twins of energy assets 13 [9][10][11][12][13][14][15][16][17][18][19][20][21] Energy forecasting 14 [1,[22][23][24][25][26][27][28][29][30][31][32][33][34] Optimization and coordination 18 [35][36][37][38][39][40][41][42][43][44][45][46][47][48][49][50][51][52] VPP applications in smart grids Energy services delivery 31 [4,5,22,35,38, Local energy autonomy 21 [5,…”

“…Relaxation of time constraints is possible in the case of VPP operation on the day-ahead energy markets allowing the implementation of cloud-based optimization solutions [36]. Various heuristics are defined for minimizing the VPP operational cost and maximizing the energy profit of energy assets [3,37,38]. Stochastic programming models are defined for VPP management and portfolio optimization under various objectives [39,40].…”

Research on construction schedule risk management of power supply and distribution projects based on MCS-AHP model

“…Therefore, with the increase in power demand, the accelerated progress of power engineering construction will put great pressure on the different stages involved in power engineering construction projects. It also easy to causes the problem of delayed progress in power engineering construction (Sharma et al, 2022). Therefore, it is necessary to study the schedule risk management of power engineering projects.…”