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Operation cost minimization of droop-controlled DC microgrids based on real-time pricing and optimal power flow

Authors: Chendan, Li; DE BOSIO, FEDERICO; Chaudhary, Sanjay K.; Graells, M.; Vasquez, Juan C.; Guerrero, Josep M.;

Operation cost minimization of droop-controlled DC microgrids based on real-time pricing and optimal power flow

Abstract

In this paper, an optimal power flow problem is formulated in order to minimize the total operation cost by considering real-time pricing in DC microgrids. Each generation resource in the system, including the utility grid, is modeled in terms of operation cost, which combines the cost-efficiency of the system with the demand response requirements of the utility. By considering the primary (local) control of the grid-forming converters of a microgrid, optimal parameters can be directly applied to the control of this level, thus achieving higher control accuracy and faster response. The optimization problem is solved in a heuristic way by using genetic algorithms. In order to test the proposed algorithm, a six-bus droop-controlled DC microgrid is used as a case-study. The obtained simulation results show that under variable renewable generation, load, and electricity prices, the proposed method can successfully dispatch the resources in the microgrid with lower total operation costs.

Countries
Spain, Spain, Denmark, Spain, Italy
Keywords

Demand response, Economics, :Energies [Àrees temàtiques de la UPC], Electric power, Renewable energy sources, Operation Cost Minimization of Droop-Controlled DC Microgrids Based on Real-Time Pricing and Optimal Power Flow, Genetic algorithm, Àrees temàtiques de la UPC::Energies, Energies renovables, DC microgrids, Optimal power flow

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visibility
citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
views
OpenAIRE UsageCountsViews provided by UsageCounts
19
Top 10%
Top 10%
Top 10%
25
Green