A pool-based energy market model for microgrids characterized by scheduled blackouts

Ahmad Sawwas and Riad Chedid

Applied Energy, 2021, vol. 283, issue C, No S0306261920317384

Abstract: This paper proposes a novel pool-based energy market platform suitable for developing countries where electric utilities suffer from the lack of sufficient generation capacities. To compensate for the electric utility outages, diesel generators are considered as primary sources of energy. However, diesel generators are quite polluting and expensive. Therefore, the objectives of the proposed market are to reduce reliance on both the diesel generators and the grid during peak hours, increasing the contribution of clean energy technologies within the distribution network and achieving profitability for all participants.The proposed market is based on the interaction of three main players: the distribution system operator, the microgrid community agent and the microgrid/load agent. Multiple sequential optimization problems are formulated to accomplish the market objectives, and solutions are sought through genetic algorithm, dynamic programming energy management algorithm, and interior point algorithm.The implementation of the proposed market, compared to independent market operation, results in further reduction in diesel generators power supply, almost completeutilizationof excess photovoltaic energy, elimination of energy shortages, and cutting down of all participants’ annual operating costs.

Keywords: Energy flow optimization; Energy trading; Market clearing price; Microgrid community; Pool-based market (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0306261920317384
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:appene:v:283:y:2021:i:c:s0306261920317384

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/bibliographic
http://www.elsevier. ... 405891/bibliographic

DOI: 10.1016/j.apenergy.2020.116358

Access Statistics for this article

Applied Energy is currently edited by J. Yan

More articles in Applied Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().