Optimal Energy Scheduling and Feasibility Analysis in Microgrid Considering the Hospital Load Model with Isolated Grid

In the modern power system, the intermittent nature of renewable energy sources plays a vital role in meeting the load demand. In this context, the contribution of energy storage devices has also been significant. The optimal combination of hybrid renewable energy sources has become a fundamental analysis for distribution network operators (DNO). The main contribution of the research work is: (i) obtaining the optimal generation scheduling of the micro-combined heat and power (CHP), Solar photovoltaic (PV), wind turbine (WT) and battery energy storage (BESS); (ii) economic dispatch analysis of Microgrid; (iii) techno-economic analysis of heat units; (iv) the net present cost (NPC) has been minimized; (v) the feasibility analysis has been determined to combine the energy dispatch and techno-economic analysis. The concerned work has been implemented for obtaining the feasibility analysis of the realistic hospital load model of Vayusenabad, New Delhi, India, using the Hybrid Optimization of GAMS and Multiple Energy Resources (HOMER) software with MATLAB interfacing.