In order to encourage energy saving and the adoption of renewable sources, this study provides a comprehensive experimental framework that integrates socioeconomic and behavioral objectives for the local energy community. The experiment aims to find out how successfully using behavioral interventions might encourage customers to save electrical energy and encourage them to adopt renewable energy, e.g., solar photovoltaic energy, in the present case. Using this method, we can calculate the causal impact of the intervention on consumer participation in the local electricity sector. The study uses consumer data on the import and export of electrical power from retailer electricity utilities at a predetermined power exchange price and a midmarket price for local energy community power transactions. The local energy community model simulates the consumption, storage, and export of 20 residential customers who, in different scenarios, are the test subjects of an empirical experiment and embrace electricity conservation and renewable energy. We address the optimization issue of calculating the power exchange cost and revenue in various scenarios and comparing them with the base case cost. The cases are built on the customers’ behavioral interventions’ empirical response. The findings demonstrate that the interaction of socioeconomic and behavioral objectives leads to impressive cost savings of up to 19.26% for energy utility customers. The policy implication is suggested for local energy utilities.
Transmission networks of modern power systems are becoming increasingly stressed because of growing demand and restrictions on building new lines. One of the consequences of such a stressed system is the threat of losing stability following a disturbance. So for the improvement of power transfer capability with in the safe stability limit it is necessary to enhancing the small signal stability of the power system. The objective of this thesis is to investigate the POWER SYSTEM STABILITY ENHANCEMENT via Automatic Voltage Controller (AVR), Power System Stabilizer (PSS) and Flexible AC Transmission (FACTS) based controller such as Static Synchronous Compensator (STATCOM). This study includes the specific coordination between PSS and STATCOM controller. With use of linearized model of each element the specific parameter will be decided. By the proper coordination of AVR, PSS and STATCOM with specific parameter the stability of the power system will enhance. Above mention coordination maintained the rotor angle and speed in synchronism. Single Machine Infinite Bus system proposed for the study. Implementation is carried out on the MATLAB / Simulink
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