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  • Economic Analysis of Energy Scheduling and Trading in Multiple-Microgrids Environment

    Author(s)
    Vankudoth, L
    Badar, AQH
    Kumar Chauhan, R
    Hossain, MJ
    Griffith University Author(s)
    Hossain, Jahangir
    Year published
    2021
    Metadata
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    Abstract
    The microgrids (MGs) are considered to be a key component of future power systems. The increased integration of distributed energy resources (DER) has led to critical challenges in energy management (EM) such as uncertainty, pricing and optimal dispatch. The need for control of DER, optimal resource allocation and EM, requires interconnection of MGs, leading to formation of multiple-microgrid (MMG). One of the fundamental objective of MMG is to make optimal use of DER's within various MGs for optimal benefits. At a particular instance, some MGs might have excess energy generated, while some other MGs might buy the excess ...
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    The microgrids (MGs) are considered to be a key component of future power systems. The increased integration of distributed energy resources (DER) has led to critical challenges in energy management (EM) such as uncertainty, pricing and optimal dispatch. The need for control of DER, optimal resource allocation and EM, requires interconnection of MGs, leading to formation of multiple-microgrid (MMG). One of the fundamental objective of MMG is to make optimal use of DER's within various MGs for optimal benefits. At a particular instance, some MGs might have excess energy generated, while some other MGs might buy the excess energy to meet local demands and storage requirements. The MMG facilitates energy trading between the grid and MG and amongst the MGs in order to achieve efficient energy sharing. In this paper, we evolve through different EM and scheduling strategies using visual basic for applications (VBA). The system considered has 3 MGs interconnected forming a MMG with each MG equipped with PV system and energy storage system (ESS). The objective of the strategies is to maximize the profits of individual MG while benefiting the whole MMG in total. The costs of implementing the proposed strategies are calculated and an economic analysis of various strategies is presented.
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    Conference Title
    2021 18th International Scientific Technical Conference Alternating Current Electric Drives, ACED 2021 - Proceedings
    DOI
    https://doi.org/10.1109/ACED50605.2021.9462285
    Subject
    Electrical engineering
    Publication URI
    http://hdl.handle.net/10072/412117
    Collection
    • Conference outputs

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