Development of a smart grid cost benefit analysis system
Due to the current energy situation worldwide, smart grid system has become one of the hottest research topics in the electrical power field in recent decades. However, smart grid technology is in early development, and it is still in research stage with many aspects not yet completed. Peop...
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| Format: | Final Year Project |
| Language: | English |
| Published: |
2014
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/61364 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | Due to the current energy situation worldwide, smart grid system has become one of
the hottest research topics in the electrical power field in recent decades. However,
smart grid technology is in early development, and it is still in research stage with
many aspects not yet completed. People need to know whether the changes can make
profit or not before they carry out the real projects.
In this project, a cost-benefit analysis system is developed to calculate the electricity
energy saving and financial interest, when new changes are made to the current
demand side system.
The system developed is based on graphical programming language LabVIEW.
Three different electrical appliances, namely lighting system, cooling system and
fans are chosen in the project. Different entries of front panel, built-in formulas to
calculate the savings and block diagram connections are discussed in the report. Case
studies are also carried out to simulate real cases. The function of the developed
software includes calculating savings, plotting graphs and generating report,which
will be discussed in the report as well.
Finally, conclusions and recommendations are made on related future work. |
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