Abstract
Weather-driven uncertainties and other extreme events, particularly with the increasing reliance on variable renewable energy (VRE), have made achieving a reliable microgrid operation increasingly challenging. This research proposes a comprehensive and integrated planning strategy for capacity sizing and operational planning, incorporating forecasting and demand response program (DRP) strategies to address microgrid operation under various conditions, accounting for uncertainties. The microgrid includes photovoltaic systems, wind turbines, and battery energy storage. Uncertainties in VREs and load fluctuations are modeled using Monte Carlo simulations (MCSs), while forecasting is based on the long short-term memory (LSTM) model. To determine the best techno-economic planning approach, six cases are formulated and solved using a multi-objective particle swarm optimization with multi-criteria ranking for these three objectives: total lifecycle costs (TLCC), reliability criteria, and surplus VRE curtailment. Shortage/surplus adaptive pricing combined with variable peak critical peak pricing (SSAP VP-CPP) DRP is devised and compared with a time-of-use VP-CPP DRP in mitigating the impacts of both critical and non-critical events in the system. The simulation results show that the integrated planning, which combines LSTM forecasting with DRP strategies, achieved about 7% and 5% TLCC reductions for deterministic and stochastic approaches, respectively. The approach allowed optimal sizing and operation planning, improving the utilization of VREs and effectively managing uncertainty, resulting in the most cost-effective and robust VRE-based microgrid with enhanced resilience and reliability.
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