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Stochastic Effects of Renewable Energy and Loads on Optimizing Microgrid Market Benefits

Vivek Mohan, Jai Govind Singh, Weerakorn Ongsakul, Arjun C. Unni, Nikhil Sasidharan
2015 Procedia Technology - Elsevier  

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This paper investigates the effects of uncertain renewable energy and loads on optimizing profit and cost in a microgrid power market. The optimal power scheduling problem is solved using interval arithmetic backward forward sweep (IA-BFS) and particle swarm optimization with time varying acceleration coefficients (PSO-TVAC) based optimal power flow (OPF). The effectiveness of the problem and the method is verified by studying the deviations in dispatch of conventional sources, operational cost
more » ... and overall profit in residential feeder of the CIGRE LV benchmark microgrid with load curtailment, grid trade and wind, solar & conventional energy sources.
doi:10.1016/j.protcy.2015.10.004 fatcat:dhbwe4xcvbfqdocjpqxxur7s4e
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Vivek Mohan, Jai Govind Singh, Weerakorn Ongsakul, Arjun C. Unni, Nikhil Sasidharan. "Stochastic Effects of Renewable Energy and Loads on Optimizing Microgrid Market Benefits." Procedia Technology - Elsevier (2015) 15-23