Cost Optimization Modeling of Renewable Energy Sources in Smart-Grid Using SCADA

Abstract

In recent times, renewable energy production from renewable energy sources is an alternative way to fulfill the increased energy demands. However, the increasing energy demand rate places more pressure, leading to the termination of conventional energy resources. However, the cost of power generation from coal-fired plants is higher than the power generation’s price from renewable energy sources. This experiment is focused on cost optimization during power generation through pumped storage power plant and wind power plant. The entire modeling of cost optimization has been conducted in two parts. The mathematical modeling was done using MATLAB simulation while the hydro and wind power plant’s emulation was performed using SCADA (Supervisory control and data acquisition) designer implementation. The experiment was conducted using ranges of generated power from both power sources. The optimum combination of output power and cost from both generators is determined via MATLAB simulation within the assumed generated output power range. Secondly, the hydro-generator and wind generator’s emulation were executed individually through synchronizing the grid to determine each generator’s specification using SCADA designer, which provided the optimum power generation from both generators with the specific speed, aligning with results generated through MATLAB. Finally, the operational power cost (with no losses consideration) from MATLAB was compared with the local energy provider to determine the cost-efficiency. This experiment has provided the operational cost optimization of the hydro-wind combined power system with stable wind power generation using SCADA, which will ultimately assist in operations of large-scale power systems, remotely minimizing multi-area dynamic issues while maximizing the system efficiency.