Optimization Techniques for Energy handling System in a Microgrid

The energy from the renewable energy sources primarily depends on the geographical factors. Intermittency is a major issue for renewable energy sources which will result in comparatively high electricity generation cost and a proper need of an energy management system. In an intelligent era, the increasing penetration level of solar photovoltaic (PV) energy is becoming a tedious task. Hence, an energy management system is required to control the energy flow when there is more than one source connected. Real time energy management becomes challenging because of the time varying prices of electricity, mismatch of generation and demand etc. So, they are widely related to the optimization techniques. This paper explains a broader review of various challenges on integration of Renewable energy sources to the grid. Also, an extensive review of numerous approaches of Energy management system is given in this paper. Different optimization techniques are discussed along with its advantages and limitations for better and more optimized Energy management in the micro grid. A proper energy management system helps to decrease the electricity prices as well as increases the power system reliability. Also, improves the grid stability.