Grid-price-dependent energy management in microgrids using a modified simulated annealing triple-optimizer

Rosemarie Velik and Pascal Nicolay

Applied Energy, 2014, vol. 130, issue C, 384-395

Abstract: This article introduces a modified simulated annealing triple-optimizer for finding the optimal energy management strategy in terms of financial gain maximization in grid-connected, storage-augmented, photovoltaics-supplied prosumer building microgrids in a variable grid price scenario. For evaluating the performance of the optimizer, a number of test cases are specified offering different trading options to the prosumers. Obtained results are compared to a total state space search reference method and demonstrate that the simulated annealing approach was for all test cases able to find a globally optimal or close to optimal solution in significantly less computation time than the total space search reference method.

Keywords: Renewable energy; Battery storage; Energy management; Variable grid prices; Microgrids; Optimization (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (28)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:appene:v:130:y:2014:i:c:p:384-395

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DOI: 10.1016/j.apenergy.2014.05.060

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