Cost Optimization by adding SPV Plant at Load end in a Grid Connected System

The electric demand of a fast growing country like India required Restructuring and deregulation of the power production system that increased several new challenges. In this paper an optimized model of grid connected Photovoltaic system connected at load end is presented the proposed vision Introduces a photovoltaic model connected with a grid at economical cost in the standard IEEE power systems. These IEEE bus system are studied and analyzed with the help of MATLAB based tools. Attempts are made to develop the constrain equation by optimal power flow and Lagrange's multipliers present and future matter involved for the advancement of smart grid Technology are also discuss in Indian perception. The model projected here can be an approach able to provide the green solar PV electricity on for reduced price of energy in standard grid connected system. The proposed model may also utilize for estimation of the payback by setting the cost at which consumer would put up for sale the electricity to grid. The concept presented here can be adapted for any area in the world considering the two most important factors like market price of electricity in the region and solar radiation capacity at that place.