Integrated Resource and System Plannning Based on Energy Costs and Emission Analysis for a Sustainable Future
Efficient integration of renewable energy sources (RES) - such as wind, solar, geothermal, tidal, and wave - into the electric power grids can help improve energy security and contribute toward a sustainable energy future. To date, however, electric power grids are critically dependent on conventional sources, such as fossil fuels. Given the increasing penetration of RES and dynamic loads, there is a need to thoroughly reanalyze the performance of power grids in terms of cost, efficiency, and energy security. This paper presents a comprehensive analysis in terms of energy costs and emissions estimates of dynamic power grids incorporating various power-generating sources.