Optimized energy management control over price-responsive demands

Abstract

The fair and efficient allocation for all energy management systems is one of the fundamental principles. In order to achieve optimum efficiency, classic allocation strategies aim to optimize the total surplus of customers. This paper proposes the procurement, storage and selling of energy at appropriate times with a new energy management algorithm. Uncertainty is modeled using PSO optimization techniques in relation to both DER production level and the price of energy obtained from / sold to the main grid. The test results show the advantages of the model in energy management performance for a cluster of cost-effective demands.