Energy management and trading in a smart microgrid

O. M. Longe, K. Ouahada

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

3 Citations (Scopus)

Abstract

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.

Original languageEnglish
Title of host publication2018 IEEE 7th International Conference on Adaptive Science and Technology, ICAST 2018
PublisherIEEE Computer Society
ISBN (Electronic)9781538642337
DOIs
Publication statusPublished - 24 Oct 2018
Event7th IEEE International Conference on Adaptive Science and Technology, ICAST 2018 - Accra, Ghana
Duration: 22 Aug 201824 Aug 2018

Publication series

NameIEEE International Conference on Adaptive Science and Technology, ICAST
Volume2018-August
ISSN (Print)2326-9413
ISSN (Electronic)2326-9448

Conference

Conference7th IEEE International Conference on Adaptive Science and Technology, ICAST 2018
Country/TerritoryGhana
CityAccra
Period22/08/1824/08/18

Keywords

  • Demand Side Management (DSM)
  • Distributed Energy Generation (DEG)
  • Distributed Energy Storage (DES)
  • Microgrid Energy Management - Distributed Optimisation Algorithm (MEM-DOA)
  • Smart microgrid

ASJC Scopus subject areas

  • Computer Networks and Communications
  • Information Systems
  • Software
  • Electrical and Electronic Engineering
  • Communication

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