| Title |
Estimation of the Optimal Generation Capacity of Solar-Wind Hybrid Power System for Economic Operations |
| Authors |
Seoung-Chul Lee ; Un-Chul Moon ; Byeong-Gook Kwan ; Jong-Hwan Kim |
| Keywords |
Solar Wind Hybrid power system ; Optimal Capacity Estimation ; Solar-Power Generation ; Wind-Power Generation Alternative |
| Abstract |
In this paper, a technique that can estimate the optimal capacity of the solar-wind hybrid power system for minimize the total monthly electric power expenses is presented, The hybrid power system is assumed to be operation in connection with the utility power system and electric bill be paid for the power not covered by the hybrid system generation. Monthly generation cost is estimated based on total life-cycle cost analysis. The monthly utility power bill is assumed to be increased quadratically in proportion with the net utility power consumption which is the difference between the total monthly load minus the hybrid system generations. Test results demonstrate applications potential of proposed technique. |