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.
Recommended Citation
M. Mahmoodi et al., "Optimal Scheduling of Microgrid Operation Considering the Time-of-Use Price of Electricity," Proceedings of the 39th Annual Conference of the IEEE Industrial Electronics Society (2013, Vienna, Austria), pp. 2127 - 2132, Institute of Electrical and Electronics Engineers (IEEE), Nov 2013.
The definitive version is available at https://doi.org/10.1109/IECON.2013.6699460
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)
978-1479902248
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.
Publication Date
01 Nov 2013
