Risk Mitigation & Profit Improvement of a Wind-Fuel Cell Hybrid System with TCSC Placement

The incorporation of renewable energy into the existing electrical system is vital in a competitive system. unpredictable nature sources main obstacle to source integration. Since wind unpredictable, integrating it an thermal requires some additional operating procedures maintain economic and functioning sustainability In power network, uncertainty creates imbalance cost (IC) which directly affects economy. This study investigates generation costs, voltage profiles, electric losses deregulated market incorporating farms (WF) & fuel cells (FC). cell has been used here as reserve generating unit mitigate deficit incorporated To check efficacy presented method, two locations India are chosen at random. assess caused by discrepancy between forecasted (FWS) actual speeds (AWS), several charge rates (i.e. surplus deficit) were established. restructured, so consumers continually looking for efficient stable only possible reducing risk. paper outlines strategy optimal operation Thyristor-Controlled Series Compensator (TCSC) wind-integrated maximize profit minimize this work, different algorithms like Sequential Quadratic Programming (SQP), Artificial Bee Colony Algorithms (ABC), Moth Flame Optimization (MFO) analyze functional risk Additionally, explains how employed offset farm integration’s deviation real-time market. Value-at-Risk (VaR) conditional (cVaR) have analysis. A modified IEEE 14-bus test considered validate entire whereas any small, large well hybrid systems can be perform methodology.