Stochastic Energy Management of Microgrid with Nodal Pricing

This paper develops a stochastic framework for the energy management of a microgrid to minimize the energy cost from the grid. It considers the uncertainties in solar photovoltaic (PV) generation, load demand, and electricity price. Furthermore, the opportunity of flexible load demand, i.e., the eff...

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Bibliographic Details
Main Authors: Dhanapala Prudhviraj, P. B. S. Kiran, Naran M. Pindoriya
Format: Article
Language:English
Published: IEEE 2020-01-01
Series:Journal of Modern Power Systems and Clean Energy
Subjects:
Online Access:https://ieeexplore.ieee.org/document/8922949/