Scenario-Based Stochastic Optimization for Energy and Flexibility Dispatch of a Microgrid

Stochastic Modeling and Optimization in a Microgrid

The future smart grid is expected to be an interconnected network of small-scale and self-contained microgrids, in addition to a large-scale electric power backbone. By utilizing microsources, such as renewable energy sources and combined heat and power plants, microgrids can supply electrical and heat loads in local areas in an economic and environment friendly way. To better adopt the intermi...

MPC for power systems dispatch based on stochastic optimization

In this paper we investigate the problem of optimal real-time power dispatch of an interconnection of conventional power generation plants, renewable resources and energy storage systems. The objective is to minimize imbalance costs and maximize profits whilst satisfying user demand. The managing company is able to trade energy on an electricity market. Energy prices, demand and renewable gener...

Environmental/Economic Power Dispatch of MicroGrid Using Multiobjective Optimization

This paper proposes a generalized formulation to determine the optimal operating strategy and cost optimization scheme as well as the reduction of the emissions for a MicroGrid (MG). Multiobjective (MO) optimization is applied to the environmental/economic problem of the MG. The proposed problem is formulated as a nonlinear constrained MO optimization problem. Prior to the optimization, models ...

Deep Neural Network-Based Method for Economic Dispatch in Microgrid

Scenario-based stochastic operation management of MicroGrid including Wind, Photovoltaic, Micro-Turbine, Fuel Cell and Energy Storage Devices

In this paper, an efficient stochastic framework is proposed to investigate the effect of uncertainty on the optimal operation management of MicroGrids (MGs). The proposed stochastic framework would concurrently consider the uncertainties of load forecast error, Wind Turbine (WT) generation, Photovoltaic (PV) generation and market price. The proposed stochastic method consists of two main phase...