Energy Economic Management of Hybrid Energy System Based on Short-term Generation and Demand Response

Abstract

Energy economic management based on economic principles and demand response (DR) is one of the significant issues for consumers and Distribution Companies (DisCos). In this paper, presents energy management for hybrid energy system is in connecting mode to the network and based on short-term optimal scheduling in a house. The presented modelling, minimizing the operation cost of resources and electricity bought from network in the Real-Time Price (RTP) plan. Modelling of the objective function based on mixed integral linear programs (MILP) has been implemented and the result shows that management of sources and demand in short-term scheduling causes minimizing operation cost in aspects as financial, technical and electricity buying in RTP plan.

Keywords

• demand response (dr)
• energy economic management
• hybrid system
• real-time price (rtp)
• short-term optimal scheduling