Stochastic power management in microgrid with efficient energy storage

Abstract

In order to mitigate the extra cost and to reduce the energy consumption, distributive power system are widely accepted in recent years. The reason of adaptation of distributive power system is the scalability of power supply and demand which helps in reliable power supply and optimizes the annual expenditures. Moreover, the integration of power distributive systems with renewable energy sources enabled the optimal utilization of photovoltaic arrays for effective and cost efficient power supply. To exploit the integration of distributive power and renewable sources, we solve the power dispatch problem with heuristic optimization techniques. We have performed scheduling for supply side management. For this purpose, we have formulate our problem using chance constrained optimization and transformed the problem into mixed integer linear programming. Finally, simulation results demonstrate that the proposed scheduling method for microgrid performs efficiently and effectively.