Optimal Participation of the Renewable Energy in Microgrids with Load Management Strategy

Abstract

In this paper, bi-level optimization model is proposed for optimal energy trading between microgrids (MGs) and distribution companies (Discos) with consideration of the renewable energies. The first level modelling is maximizing MGs’ profit and the second level is related to maximization of the Discos profit. In proposed system, power trading between MGs and Discos is considered. As well, renewable energies and demand management strategy are modelled in system for optimal energy consumption. The optimization modelling is solved by Particle Swarm Optimization (PSO), and results of the two case studies show optimal solution of prosed strategy in energy optimization.

Keywords

• bi-level
• demand management strategy
• energy consumption
• energy optimization
• renewable energies