Title

Optimal Scheduling of Microgrid Operation Considering the Time-of-Use Price of Electricity

Abstract

This paper presents an optimal scheduling strategy that decouples the dynamic formulation for dispatching energy storage units from dispatching ac grid power exchange in microgrids. This method takes into account the time-of-use price of electricity. It also considers initial stored energy as a decision variable in the optimization process instead of a fixed parameter. Case studies and results have been presented to show the effectiveness of the proposed strategies.

Meeting Name

39th Annual Conference of the IEEE Industrial Electronics Society (IECON) (2013: Nov. 10-13, Vienna, Austria)

Department(s)

Electrical and Computer Engineering

Keywords and Phrases

Decision Variables; Dynamic Formulation; Economic Optimization; Energy Storage Unit; Micro Grid; Microgrid Operations; Optimal Scheduling Strategies; Price Function; Costs; Electric Power Distribution; Energy Storage; Industrial Electronics; Scheduling; Optimization; Microgrid

International Standard Book Number (ISBN)

9781479902248

International Standard Serial Number (ISSN)

1553-572X

Document Type

Article - Conference proceedings

Document Version

Citation

File Type

text

Language(s)

English

Rights

© 2013 Institute of Electrical and Electronics Engineers (IEEE), All rights reserved.

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