Stochastic programming and market equilibrium analysis of microgrids energy management systems

• Published in: Energy (Oxford) Vol. 113; pp. 662 - 670
• Main Authors: Hu, Ming-Che, Lu, Su-Ying, Chen, Yen-Haw
• Format: Journal Article
• Language: English
• Published: Elsevier Ltd 15.10.2016
• Subjects: batteries; case studies; electricity; energy; greenhouse gas emissions; management systems; market competition; Market equilibrium; markets; Microgrids; renewable energy sources; stochastic processes; Two-stage stochastic programming; uncertainty; Uncertainty analysis; Market equilibrium; Uncertainty analysis; Microgrids; Two-stage stochastic programming

Microgrids facilitate optimum utilization of distributed renewable energy, provides better local energy supply, and reduces transmission loss and greenhouse gas emission. Because the uncertainty in energy demand affects the energy demand and supply system, the aim of this research is to develop a st...