An optimal multi-objective demand side management of a smart Microgrid consists of various building loads, considering relativity index and uncertainty

Abstract

This paper addresses microgrid energy management in the presence of distributed generation and active loads while accounting for operational, economic, environmental, and reliability factors. The objective is to minimize the cost of shutdown during N-1 contingencies, projected emission-related expenses, and the overall operational cost of microgrids integrated with distributed generations. A stochastic scheduling technique that optimizes short-term microgrid operation, reducing costs and pollution through renewable resources is introduced. Utilizing demand response programs among residential, commercial, and industrial participants is proposed to counter the uncertainty of renewable resource-generated power. The demand response program implementation suggests considering financial incentives as bid prices, along with energy packages managed by demand response providers. Simulation results demonstrate three strategies to decrease operating costs and pollutants, contrasting scenarios with and without responsive load engagement. Equations governing AC power flow, microgrid operations, reliability, distributed generation, and, demand response programs and batteries, form the analytical core. Stochastic programming addresses uncertainties tied to demand, energy prices, renewable distributed generation production, and microgrid equipment availability. To attain dependable, optimal solutions with dynamic responsiveness, the combined ant lion optimization and crow search algorithm are employed. The proposed method is tested on a sample smart microgrid for validation. Numerical findings unequivocally underscore demand-side management potency in reducing power generation uncertainties from wind turbines and photovoltaics. This paper offers insights into microgrid energy management complexities, paving the way for resilient, cost-effective, and environmentally conscious energy distribution paradigms.