Energy management of cooperative microgrids with high-penetration renewables
In view of the tremendous benefits induced by cooperative operation of microgrids, such as reduced power loss, lower operational cost and load peak reduction, this study presents a new energy management strategy for coalition forming microgrids under an electricity market environment. The proposed f...
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| Published in | IET renewable power generation Vol. 12; no. 6; pp. 680 - 690 |
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| Main Authors | , |
| Format | Journal Article |
| Language | English |
| Published |
The Institution of Engineering and Technology
30.04.2018
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| Subjects | |
| Online Access | Get full text |
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| Abstract | In view of the tremendous benefits induced by cooperative operation of microgrids, such as reduced power loss, lower operational cost and load peak reduction, this study presents a new energy management strategy for coalition forming microgrids under an electricity market environment. The proposed framework models the time-variant and intermittent attribute of renewable energy sources using a worst-case transaction mechanism. The energy management strategy minimises the net operating cost of the microgrids forming the coalition, which not only includes the cost of distributed generation but a worst-case net transaction cost to account for the intermittency in renewable energy-based sources. Extensive numerical results are shown to corroborate the efficacy of the proposed framework. |
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| AbstractList | In view of the tremendous benefits induced by cooperative operation of microgrids, such as reduced power loss, lower operational cost and load peak reduction, this study presents a new energy management strategy for coalition forming microgrids under an electricity market environment. The proposed framework models the time‐variant and intermittent attribute of renewable energy sources using a worst‐case transaction mechanism. The energy management strategy minimises the net operating cost of the microgrids forming the coalition, which not only includes the cost of distributed generation but a worst‐case net transaction cost to account for the intermittency in renewable energy‐based sources. Extensive numerical results are shown to corroborate the efficacy of the proposed framework. |
| Author | Lahon, Rinalini Gupta, Chandra P |
| Author_xml | – sequence: 1 givenname: Rinalini surname: Lahon fullname: Lahon, Rinalini organization: Department of Electrical Engineering, Indian Institute of Technology Roorkee, Roorkee 247667, Uttarakhand, India – sequence: 2 givenname: Chandra P surname: Gupta fullname: Gupta, Chandra P email: cpg_umist@yahoo.co.in organization: Department of Electrical Engineering, Indian Institute of Technology Roorkee, Roorkee 247667, Uttarakhand, India |
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| Keywords | cost reduction worst-case transaction mechanism renewable energy sources coalition forming microgrid high-penetration renewable energy-based source load peak reduction distributed power generation power generation economics renewable energy cooperative microgrid energy management systems distributed generation energy management strategy net operating cost minimization power markets power loss reduction electricity market environment |
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| SubjectTerms | coalition forming microgrid cooperative microgrid cost reduction distributed generation distributed power generation electricity market environment energy management strategy energy management systems high‐penetration renewable energy‐based source load peak reduction net operating cost minimization power generation economics power loss reduction power markets renewable energy renewable energy sources Research Article worst‐case transaction mechanism |
| Title | Energy management of cooperative microgrids with high-penetration renewables |
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