Publication
Title
Economical optimization of microgrids : a non-causal model
Author
Abstract
In this paper we present an economical optimization model for a microgrid connected to the general electricity grid by minimizing the total operating cost over a given period in the presence of uncertain future grid electricity prices. The microgrid is modeled to consist of five distinct blocks, four of which make up the microgrid and the fifth one being the connection to the general electricity grid. Each of these components has various adjustable attributes, allowing for the simulation of different kinds of consumers as well as different storage and generation technologies. Consumption and intermittent generation are exogenous variables derived from existing datasets. Under uncertain future grid electricity prices, the storage component introduces a non-causal dependency into the model, to cope with this non causality, we present various storage use strategies and analyze the resulting cost patterns using real electricity price data and Monte Carlo simulations.
Language
English
Source (journal)
PROCEEDINGS OF ASME 9TH INTERNATIONAL CONFERENCE ON ENERGY SUSTAINABILITY, 2015, VOL 2
Source (book)
9th ASME International Conference on Energy Sustainability, JUN 28-JUL 02, 2015, San Diego, CA
Publication
New york : Amer soc mechanical engineers, 2016
Volume/pages
(2016), p. 1-10
Article Reference
V002T13A009
ISI
000374279500020
Number
978-0-7918-5685-7
Medium
E-only publicatie
Full text (Publisher's DOI)
Full text (publisher's version - intranet only)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 06.06.2016
Last edited 22.07.2017
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