1.1: Introduction:
Wouldn’t it be great to have a system, which will not only make you independent in power generation, and to power your own domestic loads but also let you sell the Electric power when you have it in excess. Such system would not only make our grids smarter, efficient and secure but will offer solutions to many problems.
1.1.1: Renewable energy:
Renewable energy is any natural source which can replenish itself naturally over a short amount of duration. Renewable energy comes from many commonly known sources such as solar power, wind, hydro power, Fuel cells etc.
1.1.2: Why renewable energy?
It may not be wrong to say that Renewable energy is playing significant part in fulfilling world’s energy requirement. According …show more content…
With the use of distributed generation we would not only decrease the problems of energy crises but also give ease to generation utilities.
1.3.2: Benefit at consumer end:
On the consumer hand they will get benefit of continuous electricity. Even this idea of distributed generation can work as small business in which we can sell electricity to utilities.
1.3.3: Pollution free world:
Since no use of fossil fuel is there in system there it automatically provide clean environment to human.
1.3.4: Cost:
The use of renewable energy sources such as solar, wind, biomass, geothermal and hydropower are growing rapidly not only because of being environment friendly but also because their cost is continuously decreasing. The graph below shows the cost comparison of some renewable energy resources with the conventional resources. As it can be seen on the chart, the price of electricity from wind, solar are greater than that from natural gas or coal but it is expected to decrease. Figure 1.3: Comparative Cost Analysis of different DG
Also concepts like ‘net metering’ and ‘feed-in tariffs’ supported by smart grid proponents have further attracted consumers to adapt renewable energy resources.
1.4: Problems that may