Abstract
One of the significant aspects in microgrids (MG) optimization frameworks is to cope with stochastic parameters of renewable energy sources (RESs), market pricing, and electrical demand. Thus, the study of market price volatility, the intermittency of the RESs, and electrical demand alteration has received a great concentration in the recent period. This chapter introduces a stochastic optimization method for scheduling the energy of MG considering random demand, the intermittent nature of RES, and the volatile market price. The optimal daily energy scheduling is employed to attain the OFs, such as the minimum operating cost of the MG over a 24-h horizon or minimizing the pollutant emissions over a 24-h horizon. In addition, this chapter introduces multi-OFs to reduce the overall operating cost and the pollutant emission of MGs over a 24-h while taking into account different operational restrictions. In the proposed stochastic structure, uncertainty modeling of the RESs, electrical loads, and market pricing is modeled by fuzzy C-means. The general algebraic modeling system (GAMS) can be employed for modeling the optimization issue expressed in the chapter.
Original language | English |
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Title of host publication | Modernization of Electric Power Systems |
Subtitle of host publication | Energy Efficiency and Power Quality |
Publisher | Springer International Publishing |
Pages | 443-462 |
Number of pages | 20 |
ISBN (Electronic) | 9783031189968 |
ISBN (Print) | 9783031189951 |
DOIs | |
State | Published - 1 Jan 2023 |
Keywords
- Decision making
- Energy management
- Energy storage
- Microgrid
- Parameters uncertainty
- Renewable energy sources
- Stochastic approach
- Techno-economic metrics