...Electrical services design Institution Student name Introduction The need for electricity has been ever increasing. As well, the numbers of critical or sensitive loads have also increased. Today, the electricity transmission and distribution is greatly affected by this ever growing need. On the other hand, the consumer's demand has also been in a rising manner. These problems can be catered for by the use of energy storage devices, renewable energy and use of distributed generation. Micro-grid paradigm can deal effectively with the ever increasing electricity needs. This paradigm is bestowed with the ability to regulate the electricity flow. This is achieved through the generation and distribution mechanisms. Grid refers to different interconnection of different electricity transmission lines. The line does not necessarily need to be transmitting electricity of equal magnitudes. But the electricity of different magnitude that runs from the highest to the lowest magnitude possible. In short, the grid connects the consumers to the electricity supply utilities (Vittal & Ayyanar, 2013, pg. 162). The renewable energy integration into the main grid can take place in the distribution or at the transmission levels. The point at which integration takes place depends on the size or the scale of the electricity generation. Large generating stations directly feed the main grid. Unlike large generating stations, the small distributed generations feed the low or medium voltage lines...
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...of Science, University of Technology Sydney (UTS), P.O. Box 123, Broadway, NSW 2007, Australia e School of Mathematics & Statistics, Faculty of Science, UTS, 1 Stella Vista Pl, Greenwich, NSW 2065, Australia Available online 29 March 2013 Communicated by: Associate Editor Frank Vignola a Abstract There is a general consensus that solar power is one of the cleanest energy technologies available. Nevertheless, investment in largescale Solar Power Generators (SPGs) is largely impeded by the intermittent nature of solar power. Since the electricity market has a critical responsibility to maintain the reliability of energy supply, the SPG can be registered only as the market semi-scheduled generator (AEMC, 2011). This option excludes the advantages of providing baseload supply, which in turn impedes efficient market contracting for SPGs. The existing approach relies on energy storage or co-generation facilities to be built at the same connection point as the SPG to compensate for output shortages when there is insufficient sunlight. The co-located facilities require significant additional investment in infrastructure. This paper proposes a market based financial approach that does not require an additional construction effort....
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