Articles
Published 2018-06-19
Keywords
- Energy management systems,
- active distribution networks benefits,
- environmental valuation,
- renewable generation,
- energy currencies
How to Cite
Serna-Suárez, I. D., Ordóñez-Plata, G., & Carrillo-Caicedo, G. (2018). Financial and environmental benefits of active distribution networks. Revista UIS Ingenierías, 17(2), 55–64. https://doi.org/10.18273/revuin.v17n2-2018005
Abstract
To identify the role and importance of local renewable energy resource integration on power distribution systems, this work presents a survey on how Active Distribution Systems capture benefits from this kind of energy resources. Also, this paper introduces the basic concepts of two economic tools that can help in the environmental valuation of local renewable energy projects, along with a discussion on the role of energy currencies in the development of renewable energy. As a conclusion, thanks to the advent of concepts such as “prosumer” and emergent technologies such as digital currencies, it is possible to achieve financial and economic viability for local renewable energy projects with the aid of Active Distribution Networks.
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References
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J.F. Prada: The value of reliability in power sys-tems: Pricing operating reserves, 1999.
P. J. Talacek, N. R. Watson: “Marginal Pricing of Harmonic Injections”, Power Engineering Review, IEEE, pp. 68-68, 2002.
P.J. Talacek, N.R. Watson: “Marginal pricing of harmonic injections”, Power Systems, IEEE Transac-tions on, pp. 50-56, 2002.
Yong Peng, Shun Tao, Qun Xu, Xiangning Xiao: “Harmonic pricing model based on harmonic costs and harmonic current excessive penalty”, Artificial Intelli-gence, Management Science and Electronic Commerce (AIMSEC), 2011 2nd International Conference on, pp. 4011-4014, 2011.
A. Chaouachi, R.M. Kamel, R. Andoulsi, K. Na-gasaka: “Multiobjective Intelligent Energy Manage-ment for a Microgrid”, Industrial Electronics, IEEE Transactions on, pp. 1688-1699, 2013.
C.M. Colson, M.H. Nehrir, R.K. Sharma, B. Asgha-ri: Improving Sustainability of Hybrid Energy Systems Part II: Managing Multiple Objectives With a Multia-gent System. 2013.
R. Perman: Natural Resource and Environmental Economics. Pearson Education, 2003.
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M.J. Sullivan, D.M. Keane: Outage cost estimation guidebook, 1995.
M.J. Sullivan, M.G. Mercurio, J.A. Schellenberg, J.H. Eto: “How to estimate the value of service reliability improvements”, Power and Energy Society General Meeting, 2010 IEEE, pp. 1-5, 2010.
V.H.M. Quezada, J.R. Abbad, T.G.S. Roman: “Assessment of energy distribution losses for increasing penetration of distributed generation”, Power Systems, IEEE Transactions on, pp. 533-540, 2006.
V.H. Méndez, J. Rivier, J.I. de la Fuente, T. Gómez, J. Arceluz, J. Marín, A. Madurga: “Impact of distributed generation on distribution investment deferral”, International Journal of Electrical Power & Energy Systems, pp. 244 - 252, 2006.
J. Mitra, S.B. Patra, S.J. Ranade: “Reliability Stipulated Microgrid Architecture Using Particle Swarm Optimization”, Probabilistic Methods Applied to Power Systems, 2006. PMAPS 2006. International Conference on, pp. 1-7, 2006.
Timo & Kortelainen Kuosmanen: “Valuing environmental factors in cost—benefit analysis using data envelopment analysis”, Ecological Economics, pp. 56—65, 2007.
Andri Pyrgou, Angeliki Kylili, Paris A. Fokaides: “The future of the Feedin Tariff (FiT) scheme in Eu-rope: The case of photovoltaics”, Energy Policy, pp. 94 - 102, 2016.
Cherrelle Eid, Javier Reneses Guillén, Pablo Frías Marín, Rudi Hakvoort: “The economic effect of electricity net-metering with solar PV: Consequences for network cost recovery, cross subsidies and policy objectives”, Energy Policy, pp. 244 - 254, 2014.
R.H. Lasseter: “MicroGrids”, Power Engineering Society Winter Meeting, 2002. IEEE, pp. 305-308 vol.1, 2002.
S. Gill, I. Kockar, G.W. Ault: “Dynamic Optimal Power Flow for Active Distribution Networks”, Power Systems, IEEE Transactions on, pp. 121-131, 2014.
Zechun Hu, Furong Li: “Cost-Benefit Analyses of Active Distribution Network Management, Part I: An-nual Benefit Analysis”, Smart Grid, IEEE Transactions on, pp. 1067-1074, 2012.
Zechun Hu, Furong Li: “Cost-Benefit Analyses of Active Distribution Network Management, Part II: In-vestment Reduction Analysis”, Smart Grid, IEEE Transactions on, pp. 1075-1081, 2012.
S. Chowdhury, S.P. Chowdhury, P. Crossley: Mi-crogrids and Active Distribution Networks (Renewable Energy Series 6, ed.). The Institution of Engineering and Technology, 2009.
E.E Gaona-García, T. Morales-Vega, C.L Trujillo-Rodríguez, F. Santamaría, “Esquemas de trasmisión de datos en una Microrred a través de una Infraestructura de medición avanzada,”Rev. UIS Ing., 2016. Doi:10.18273/revuin.v15n2-2016007
Walter Vergara, Paul Isbell, Ana Rios, José Ramon Gómez, Leandro Alves: Beneficios para la sociedad de la adopción de fuentes renovables de energía en Amé-rica Latina y el Caribe, 2014. URL http://publications.iadb.org/bitstream/handle/11319/6465/Beneficios.
D.L. Gazzoni, I. Azurdia, G. Blanco, C.A. Estrada, I. de C. Macedo: Sustainable energy in Latin America and the Caribbean: Potential for the future, 2010. URL http://www.icsu.org/icsu-latin-america/publications/reports-and-reviews/sustainable-energy/energy_english.pdf.
Z.J. Zhang, N.-C.C. Nair: “Economic and pricing signals in electricity distribution systems: A bibliograph-ic survey”, Power System Technology (POWERCON), 2012 IEEE International Conference on, pp. 1-6, 2012.
Ashoke Kumar Basu, S.P. Chowdhury, S. Chow-dhury, S. Paul: “Microgrids: Energy management by strategic deployment of DER — A comprehensive sur-vey”, Renewable and Sustainable Energy Reviews, pp. 4348 - 4356, 2011.
Christine Schwaegerl, Ling Tao, Joao Pecas-Lopes, Andre Madureira, Pierluigi Mancarella, Anestis Anasta-siadis, Nikos Hatziargyriou, Aleksandra Krkoleva: Re-port on the technical, social, economic, and environ-mental benefits provided by Microgrids on power sys-tem operation, 2009. URL http://www.microgrids.eu/documents/668.pdf.
Danny Pudjianto, Elias Zafiropoulos, L. Daoutis: Methodology for quantifying economic and environ-mental benefits of microgrids, 2005. URL http://www.microgrids.eu/micro2000/delivarables/Deliverable_DG4.pdf.
G.Y. Morris, C. Abbey, S. Wong, G. Joos: “Evalua-tion of the costs and benefits of Microgrids with consid-eration of services beyond energy supply”, Power and Energy Society General Meeting, 2012 IEEE, pp. 1-9, 2012.
H.A. Gil, G. Joos: “Models for Quantifying the Economic Benefits of Distributed Generation”, Power Systems, IEEE Transactions on, pp. 327-335, 2008.
Paulo Moises Costa, Manuel A. Matos, J.A. Pecas Lopes: “Regulation of microgeneration and mi-crogrids”, Energy Policy, pp. 3893 - 3904, 2008.
J. Vasiljevska, J. Lopes: “On the microgrid and multi microgrid impact assessment: Cost and benefits evaluation”, 2011.
D.S. Kirschen, G. Strbac: Power System Economics. Jhon Wiley & Sons, 2004.
Cheng-Shan Wang, Bo Yu, Jun Xiao, Li Guo: “Multi-scenario, multi-objective optimization of grid-parallel Microgrid”, Electric Utility Deregulation and Restructuring and Power Technologies (DRPT), 2011 4th International Conference on, pp. 1638-1646, 2011.
A.C. Rueda-Medina, A. Padilha-Feltrin: “Pricing of reactive power support provided by distributed genera-tors in transmission systems”, PowerTech, 2011 IEEE Trondheim, pp. 1-7, 2011.
Hyun-Koo Kang, Il-Yop Chung, Seung-Il Moon: “Coordination strategy for harmonic compensation using multiple distributed resources”, Power and Energy Society General Meeting, 2012 IEEE, pp. 1-7, 2012.
P.M. Costa, M.A. Matos: “Economic Analysis of Microgrids Including Reliability Aspects”, Probabilistic Methods Applied to Power Systems, 2006. PMAPS 2006. International Conference on, pp. 1-8, 2006.
O. González, A. Pavas, and S. Sánchez, “Cuantifi-cación del ahorro de energía eléctrica en clientes residenciales mediante acciones de gestión de demanda,” Rev. UIS Ing., vol. 16, no. 2, pp. 217-226, 2017. Doi: https://doi.org/10.18273/revuin.v16n2-2017020
Frank Ackerman, Lisa Heinzerling: “Pricing the Priceless: Cost-Benefit Analysis of Environmental Pro-tection”, University of Pennsylvania Law Review, pp. pp. 1553-1584, 2002.
H.R. Varian: Intermediate Microeconomics: A Modern Approach. W W Norton & Company Incorpo-rated, 2010.
J.F. Prada: The value of reliability in power sys-tems: Pricing operating reserves, 1999.
P. J. Talacek, N. R. Watson: “Marginal Pricing of Harmonic Injections”, Power Engineering Review, IEEE, pp. 68-68, 2002.
P.J. Talacek, N.R. Watson: “Marginal pricing of harmonic injections”, Power Systems, IEEE Transac-tions on, pp. 50-56, 2002.
Yong Peng, Shun Tao, Qun Xu, Xiangning Xiao: “Harmonic pricing model based on harmonic costs and harmonic current excessive penalty”, Artificial Intelli-gence, Management Science and Electronic Commerce (AIMSEC), 2011 2nd International Conference on, pp. 4011-4014, 2011.
A. Chaouachi, R.M. Kamel, R. Andoulsi, K. Na-gasaka: “Multiobjective Intelligent Energy Manage-ment for a Microgrid”, Industrial Electronics, IEEE Transactions on, pp. 1688-1699, 2013.
C.M. Colson, M.H. Nehrir, R.K. Sharma, B. Asgha-ri: Improving Sustainability of Hybrid Energy Systems Part II: Managing Multiple Objectives With a Multia-gent System. 2013.
R. Perman: Natural Resource and Environmental Economics. Pearson Education, 2003.
N. Y. González, C. Cusgüen, E. Mojica-Nava, A. Pavas, “Estrategias de control de calidad de energía en microrredes rurales,” Rev. UIS Ing., vol. 16, no. 2, pp. 93-104, 2017. Doi: https://doi.org/10.18273/revuin.v16n2-2017009
M.J. Sullivan, D.M. Keane: Outage cost estimation guidebook, 1995.
M.J. Sullivan, M.G. Mercurio, J.A. Schellenberg, J.H. Eto: “How to estimate the value of service reliability improvements”, Power and Energy Society General Meeting, 2010 IEEE, pp. 1-5, 2010.
V.H.M. Quezada, J.R. Abbad, T.G.S. Roman: “Assessment of energy distribution losses for increasing penetration of distributed generation”, Power Systems, IEEE Transactions on, pp. 533-540, 2006.
V.H. Méndez, J. Rivier, J.I. de la Fuente, T. Gómez, J. Arceluz, J. Marín, A. Madurga: “Impact of distributed generation on distribution investment deferral”, International Journal of Electrical Power & Energy Systems, pp. 244 - 252, 2006.
J. Mitra, S.B. Patra, S.J. Ranade: “Reliability Stipulated Microgrid Architecture Using Particle Swarm Optimization”, Probabilistic Methods Applied to Power Systems, 2006. PMAPS 2006. International Conference on, pp. 1-7, 2006.
Timo & Kortelainen Kuosmanen: “Valuing environmental factors in cost—benefit analysis using data envelopment analysis”, Ecological Economics, pp. 56—65, 2007.
Andri Pyrgou, Angeliki Kylili, Paris A. Fokaides: “The future of the Feedin Tariff (FiT) scheme in Eu-rope: The case of photovoltaics”, Energy Policy, pp. 94 - 102, 2016.
Cherrelle Eid, Javier Reneses Guillén, Pablo Frías Marín, Rudi Hakvoort: “The economic effect of electricity net-metering with solar PV: Consequences for network cost recovery, cross subsidies and policy objectives”, Energy Policy, pp. 244 - 254, 2014.