Abstract
Microgrids (MGs) have characteristics of flexibility and intelligence. These grids provide potential for integrating renewable energy sources. Hybrid Microgrids make possible to manage complementary between sources and storage schemes, enabling exploration of stronger commercial impact of these energy producing stations. This paper proposes a new market model of equilibrium operation for MGs in local energy markets. MGs remotely located in the grid are virtually associated to compete with other MGs better located. The model meets the interests of the MGs by remuneration of the delivered power and the other stakeholders via loss reduction. A deterministic method based on reduction of the constraint set size and application of Karush-Kuhn-Tucker (KKT) conditions process visually the Nash equilibrium (NE) and the Pareto efficiency (PE). The non-cooperative static game has the ability to encourage the participation of small agents in the grid.
Highlights
Increased energy consumption, the urbanization, the dismembered the energy supply chain, the pursuit of efficiency and sustainability, and the loss of traditional economies of scale through centralized generation (LASSETER; PAIGI, 2004), resulted in opportunities for consumers to participate more actively in the network
This paper aims to propose a market model competition among MGs active in local energy market
These three MGs make up the local energy market under analysis
Summary
The urbanization, the dismembered the energy supply chain, the pursuit of efficiency and sustainability, and the loss of traditional economies of scale through centralized generation (LASSETER; PAIGI, 2004), resulted in opportunities for consumers to participate more actively in the network. This participation can occur by demand-side management, demand response, and energy production through distributed energy resources (DERs). MGs can integrate renewable energy sources (RESs), conventional generators, energy storage systems (ESSs), main grid and loads (LASSETER; PAIGI, 2004; MENG et al, 2016). MGs may be contracted for power supply and/or ancillary services as voltage control, backup supply, and network stability
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
