TY - GEN
T1 - Energy management and trading in a smart microgrid
AU - Longe, O. M.
AU - Ouahada, K.
N1 - Publisher Copyright:
© 2018 IEEE.
PY - 2018/10/24
Y1 - 2018/10/24
N2 - Distributed Energy Generation (DEG) and Distributed Energy Storage (DES) are finding increasing applications in Demand Side Management (DSM) due to their potentials for grid power system balance and arbitrage opportunities. A grid-connected smart microgrid comprising heterogeneous (active and passive) smart consumers and a large-scale energy storage device is considered in this work. Energy management by each smart entity is carried out by the proposed Microgrid Energy Management - Distributed Optimisation Algorithm (MEM-DOA) installed within the network according to consumer type. Each smart consumer optimises its energy consumption, expenditure and trading for comfort and profit. The proposed model was observed to yield financial benefits, grid reliability and sustainability, reduced investment on peaker plants, reduced Peak-to-Average-Ratio (PAR) demand and associated environmental benefits.
AB - Distributed Energy Generation (DEG) and Distributed Energy Storage (DES) are finding increasing applications in Demand Side Management (DSM) due to their potentials for grid power system balance and arbitrage opportunities. A grid-connected smart microgrid comprising heterogeneous (active and passive) smart consumers and a large-scale energy storage device is considered in this work. Energy management by each smart entity is carried out by the proposed Microgrid Energy Management - Distributed Optimisation Algorithm (MEM-DOA) installed within the network according to consumer type. Each smart consumer optimises its energy consumption, expenditure and trading for comfort and profit. The proposed model was observed to yield financial benefits, grid reliability and sustainability, reduced investment on peaker plants, reduced Peak-to-Average-Ratio (PAR) demand and associated environmental benefits.
KW - Demand Side Management (DSM)
KW - Distributed Energy Generation (DEG)
KW - Distributed Energy Storage (DES)
KW - Microgrid Energy Management - Distributed Optimisation Algorithm (MEM-DOA)
KW - Smart microgrid
UR - http://www.scopus.com/inward/record.url?scp=85056817975&partnerID=8YFLogxK
U2 - 10.1109/ICASTECH.2018.8506981
DO - 10.1109/ICASTECH.2018.8506981
M3 - Conference contribution
AN - SCOPUS:85056817975
T3 - IEEE International Conference on Adaptive Science and Technology, ICAST
BT - 2018 IEEE 7th International Conference on Adaptive Science and Technology, ICAST 2018
PB - IEEE Computer Society
T2 - 7th IEEE International Conference on Adaptive Science and Technology, ICAST 2018
Y2 - 22 August 2018 through 24 August 2018
ER -