Planning and Financing Strategy for Clustered Multi-Carrier Microgrids

Abstract

This paper discusses the optimal deployment of a cluster consisting of connected AC-coupled, low voltage (48 V) multi-carrier microgrids within an integrated framework. The utilization of this integrated framework proves to be an effective approach for enhancing the reliability, resiliency, and operational quality of the clustered multi-carrier microgrids. Furthermore, it enables improved utilization of distributed energy resources in both grid-connected and stand-alone scenarios. In order to address local objectives, this paper presents a hybrid approach to determine the optimal integration and size of distributed energy resources in autonomous multi-carrier microgrids. Additionally, the proposed model identifies the ideal demand response intensity for each multi-carrier microgrid, which can result in energy savings and financial profits by modifying energy demands during peak hours. The primary objective is to minimize the development cost of clustered multi-carrier microgrids while ensuring a desired level of local reliability and online reserve. To address the planning problem of the proposed integrated parallel multi-carrier microgrid network, a mixed-integer programming model is formulated. Numerical results obtained from a three-microgrid system demonstrate the effectiveness of the proposed integrated planning model, validating the economic viability of the expansion project from various financial perspectives. Finally, a practical financing strategy is proposed to facilitate the successful implementation and deployment of parallel multi-carrier microgrids, thereby contributing to the achievement of sustainable development goals. The study examines the role of governments in facilitating capital investments for clustered multi-carrier microgrid projects, aligning with sustainable development goals. It proposes a feasible financing strategy through settled billing tax rates ranging from 4% to 26% for multi-carrier microgrid customers over ten years. This strategy can assist policymakers in formulating supportive policy programs to effectively implement and promote multi-carrier microgrids in diverse premises.

Keywords

• Load responsiveness
• regulation
• economic analysis
• financing strategy
• clustered multi-carrier microgrids
• planning