Optimum Investment Planning for Development and Operation of Electricity Network in Presence of Renewable Units

Document Type : Original Article

Authors

1 Department of Industrial Management, Qazvin Branch, Islamic Azad University, Qazvin, Iran

2 Department of Financial Management, Qazvin Branch, Islamic Azad University, Qazvin, Iran

3 Department of Accounting, Qazvin Branch, Islamic Azad University, Qazvin, Iran

Abstract

With the increase in world population and limited energy resources, countries have faced the high demand of energy and energy consumption problem. The crisis that threaten countries and human societies are the limited resources of non-renewable (fossil) energy and the increase in environmental pollution caused by excessive consumption of fossil fuels and global warming. These factors have motivated researchers and investors in the energy sector to control and supply energy from renewable sources. The uncertainty caused by these generations can have many effects on the costs imposed on the network and the operation of the electricity networks, such as an increase in power outages and unsupplied energy. Network development planning is one of the important issues in the power system to meet the growth of electricity demand in the coming years due to urban development, increasing social welfare, energy security, and job creation. The final objective of this model is to minimize energy losses, investment and operating costs, unsupplied energy, and environmental pollutants. The proposed methods have been implemented by MATLAB software on the Garver electricity network and the IEEE 33-bus distribution network and solved by PSO algorithms. The final model can be effectively used for planning the supply chain of the conventional electricity network with the penetration of renewable energy-based generations in various economic, environmental, and social dimensions.

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Main Subjects

References

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Iranica Journal of Energy & Environment
Volume 14, Issue 4
October 2023
Pages 401-414

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