Techno-economic Analysis of Hybrid Renewable Energy Systems Considering Demand Side Management

Abstract

This paper presents a study on the design of rural energy systems and provides an analysis of the technical and economic feasibility of proposed Hybrid Energy Systems (HES) for rural electrification in a village in Egypt. The Hybrid Renewable Energy Systems are designed using the standard software tool HOMER Pro, addressing the optimization challenge of designing a hybrid renewable energy system based on demand-side management during peak and off-peak hours. In this study, realistic electricity consumption data for a single-family residence is evaluated in Qena City and Red Sea City in the Arab Republic of Egypt. To evaluate the effectiveness of the recommended design plan, this study considers three different cases. Simulation results reveal that the suggested design scheme is more suitable for remote locations than the previously proposed systems, as represented in these cases. Within each city, three scenarios are examined, and the optimal combination with the lowest cost is selected. Furthermore, in unregulated energy systems in remote areas, demand-side management (DSM) proves effective in addressing uncertainties in renewable energy generation and loading.