Financial evaluation of renewable energy source production in microgrids markets using probabilistic analysis

Tsikalakis, AG; Hatziargyriou, ND

dc.contributor.author	Tsikalakis, AG	en
dc.contributor.author	Hatziargyriou, ND	en
dc.date.accessioned	2014-03-01T02:43:20Z
dc.date.available	2014-03-01T02:43:20Z
dc.date.issued	2005	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/31340
dc.subject	Distributed generation	en
dc.subject	Markets	en
dc.subject	MicroGrids	en
dc.subject	Probabilistic analysis	en
dc.subject	PV	en
dc.subject	Renewable energy sources	en
dc.subject	Wind power	en
dc.subject.other	Computer networks	en
dc.subject.other	Distributed parameter networks	en
dc.subject.other	Distribution of goods	en
dc.subject.other	Electric generators	en
dc.subject.other	Electromagnetic wave emission	en
dc.subject.other	Electromagnetic waves	en
dc.subject.other	Energy conservation	en
dc.subject.other	Hydraulic machinery	en
dc.subject.other	Hydraulic motors	en
dc.subject.other	Marketing	en
dc.subject.other	Probability	en
dc.subject.other	Renewable energy resources	en
dc.subject.other	Risk assessment	en
dc.subject.other	Turbines	en
dc.subject.other	Wind power	en
dc.subject.other	Wind turbines	en
dc.subject.other	Distributed generation	en
dc.subject.other	Markets	en
dc.subject.other	MicroGrids	en
dc.subject.other	Probabilistic analysis	en
dc.subject.other	PV	en
dc.subject.other	Renewable energy sources	en
dc.subject.other	Probability distributions	en
dc.title	Financial evaluation of renewable energy source production in microgrids markets using probabilistic analysis	en
heal.type	conferenceItem	en
heal.identifier.primary	10.1109/PTC.2005.4524361	en
heal.identifier.secondary	http://dx.doi.org/10.1109/PTC.2005.4524361	en
heal.identifier.secondary	4524361	en
heal.publicationDate	2005	en
heal.abstract	Restructuring of power markets has helped in the penetration of Distributed Generation (DG) in the distribution networks. Mircogrids are Low Voltage (LV) networks that usually operate interconnected with the main Medium Voltage (MV) network but, in case of emergency, can run autonomously. In such networks Renewable Energy Sources (RES) are foreseen to have rather high penetration mainly photovoltaics (PV) and small scale Wind Turbines (WTs). One of the emerging issues is the financial evaluation of RES production so that the installation of RES is beneficial in open market conditions. In this study, the expected income for owners of wind turbine and PV is evaluated using actual prices from a spot market exchange, probability distributions of wind velocity and solar irradiation and methods of probabilistic costing analysis.	en
heal.journalName	2005 IEEE Russia Power Tech, PowerTech	en
dc.identifier.doi	10.1109/PTC.2005.4524361	en