Open AccessEnergy management of cooperative microgrids with high‐penetration renewables
Author(s) -
Lahon Rinalini,
Gupta Chandra P.
Publication year - 2018
Publication title -
iet renewable power generation
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.005
H-Index - 76
eISSN - 1752-1424
pISSN - 1752-1416
DOI - 10.1049/iet-rpg.2017.0578
Subject(s) - renewable energy , penetration (warfare) , energy management , business , environmental economics , computer science , energy (signal processing) , engineering , operations research , economics , electrical engineering , physics , quantum mechanics
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.