Optimal Value-based Prices Placement of DER and V2G using Planet Search Algorithm

Mohammad Reza Mousavi-Khademi, Harold R. Chamorro, Morteza Mousavi-Khademi, Mehdi Zareian-Jahromi, Vijay K. Sood, Josep M. Guerrero, Wilmar Martinez

Research output: Contribution to book/anthology/report/conference proceedingArticle in proceedingResearchpeer-review

3 Citations (Scopus)

Abstract

This paper presents a novel approaches for optimal simultaneous placement of distributed generations and V2G parking lots based on value-based prices method which is neglected in previous researches. In this regard, the technical issues of the network, such as reducing losses and improving the voltage profile, are considered by locating and determining the optimal capacity of scattered production resources and electric vehicles parking lots by considering value-based prices to encourage investors in the network. In the other words the presented method in this paper calculates the actual value of each DG in the active loss reduction and according to this value, determines DG energy price, which is named value based pricing. Therefore consideration of value-based prices of DGs and V2Gs during their optimal placement and proposed optimal search algorithm (PSA) are the main contribution of the paper. In this way, the interests of the operator and the investor are secured simultaneously. To solve the optimization problem, the two algorithms of bird assembly and genetics are compared. The proposed method has been tested on standard IEEE 33 bus distribution systems. The simulation results show that the proposed method is effective in terms of network benefits and incentive packages to attract investors.
Original languageEnglish
Title of host publication2020 IEEE Electric Power and Energy Conference, EPEC 2020
Number of pages6
PublisherIEEE Signal Processing Society
Publication dateNov 2020
Article number9320044
ISBN (Electronic)9781728164892
DOIs
Publication statusPublished - Nov 2020
Event2020 IEEE Electric Power and Energy Conference, EPEC 2020 - Edmonton, Canada
Duration: 9 Nov 202010 Nov 2020

Conference

Conference2020 IEEE Electric Power and Energy Conference, EPEC 2020
Country/TerritoryCanada
CityEdmonton
Period09/11/202010/11/2020
Series2020 IEEE Electric Power and Energy Conference, EPEC 2020

Bibliographical note

Publisher Copyright:
© 2020 IEEE.

Copyright:
Copyright 2021 Elsevier B.V., All rights reserved.

Keywords

  • Distributed Generation
  • Electric Vehicles
  • Optimal Placement
  • Particle Planet Search Algorithm
  • V2G

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