Optimization of the Economic Dispatch of a Hybrid Renewable Energy System Using CPLEX

Ronald Vallejo Duarte, Juan Lata-García

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

1 Scopus citations

Abstract

Currently the uncertainty of renewable energy and demand response has become one of the main problems in the shipments of hybrid energy systems. To optimize dispatch, different probability distribution functions and the load model with which it is associated are usually established. The different hypotheses on how to obtain the optimal solution for the energy system. For this problem, this article proposes to optimize the economic cost of a hybrid energy system using the GAMS computer tool. As a first approach, we have a power plant (thermal/photovoltaic) which has a total cost that represents a high economic impact. In second place, we have the application of the CPLEX solver whose main objective is to carry out an improvement to the plant, considering the capacity of generators and the respective restrictions within the objective function. Third, we emphasize the importance of improving an energy system, given the relevance that these have over the years. We emphasize the importance of improving an energy system, given the relevance that these have over the years. The applied algorithm analysis and resolution methodology allowed to improve economically through simulations, concluding with a result of Total Cost (TC) = 5.4037 × 104, which verifies the validity of the decision making used for this problem.

Original languageEnglish
Title of host publicationCommunication, Smart Technologies and Innovation for Society - Proceedings of CITIS 2021
EditorsÁlvaro Rocha, Paulo Carlos López-López, Juan Pablo Salgado-Guerrero
PublisherSpringer Science and Business Media Deutschland GmbH
Pages623-633
Number of pages11
ISBN (Print)9789811641251
DOIs
StatePublished - 2022
Event7th International Conference on Science, Technology and Innovation for Society, CITIS 2021 - Virtual, Online
Duration: 26 May 202128 May 2021

Publication series

NameSmart Innovation, Systems and Technologies
Volume252
ISSN (Print)2190-3018
ISSN (Electronic)2190-3026

Conference

Conference7th International Conference on Science, Technology and Innovation for Society, CITIS 2021
CityVirtual, Online
Period26/05/2128/05/21

Bibliographical note

Publisher Copyright:
© 2022, The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.

Keywords

  • Algorithm
  • CPLEX
  • Energy dispatch
  • Energy system
  • Optimization
  • Total cost (TC)

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