Techno-Economic Evaluation of Hybrid Energy Systems Using Artificial Ecosystem-Based Optimization with Demand Side Management

Electrification of remote rural areas by adopting renewable energy technologies through the advancement of smart micro-grids is indispensable for the achievement of continuous development goals. Satisfying the electricity demand of consumers while adhering to reliability constraints with docile computation analysis is challenging for the optimal sizing of a Hybrid Energy System (HES). This study proposes the new application of an Artificial Ecosystem-based Optimization (AEO) algorithm for the optimal sizing of a HES while satisfying Loss of Power Supply Probability (LPSP) and Renewable Energy Fraction (REF) reliability indices. Furthermore, reduction of surplus energy is achieved by adopting Demand Side Management (DSM), which increases the utilization of renewable energy. By adopting DSM, 28.38%, 43.05%, and 65.37% were achieved for the Cost of Energy (COE) saving at 40%, 60%, and 80% REF, respectively. The simulation and optimization results demonstrate the most cost-competitive system configuration that is viable for remote-area utilization. The proposed AEO algorithm is further compared to Harris Hawk Optimization (HHO) and the Future Search Algorithm (FSA) for validation purpose. The obtained results demonstrate the efficacy of AEO to achieve the optimal sizing of HES with the lowest COE, the highest consistent level, and minimal standard deviation compared with HHO and FSA. The proposed model was developed and simulated using the MATLAB/code environment.