• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.18 no.3
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• pp.156-162
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• 2004

In this paper, a technique that estimate the optimal capacity of the solar-wind hybrid power system for minimizing the total monthly electric power expenses is presented. The hybrid power system is assumed to be operated in connection with the utility power system and electric bill be paid for the power not covered by the hybrid system generation. Monthly generation cost is estimated based on total life-cycle cost analysis. The monthly utility power bill is assumed to be increased quadratically in proportion with the net utility power consumption which is the difference between the total monthly load minus the hybrid system generations. Test results demonstrate applications potential of the proposed technique.