Long Term Microgrid Planning based on LCC Analysis for Different System Configurations

Microgrids (MG) are becoming a potential factor while looking for a reliable and flexible controlcapabilities at the distribution side. In this paper a familiarity for an optimum generation mix is observed, it also gives a sense of long term microgrid planning assessment for different system configurations i.e. whether system is based on purely renewable sources or a mix generation based or a conventions generation based. This paper provides a life cycle cost (LCC) based comparison of considered systems. Life cycle cost of a system is based on all the recurring and non-recurring costs involved into that system along with total installation costs for the same system. With the help of LCC we can plan a microgrid system on long term basis also we can obtain an economic analysis to get more economically feasible MG system configuration. This paper proposed a comparative assessment on different system configurations to obtain an optimized system and also an economically efficient system configuration.