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IEEE Journal of Emerging and Selected Topics in Power Electronics
Article . 2017 . Peer-reviewed
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Article . 2017
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Economic Dispatch for Operating Cost Minimization Under Real-Time Pricing in Droop-Controlled DC Microgrid

Authors: Chendan Li; Federico de Bosio; Fang Chen; Sanjay K. Chaudhary; Juan C. Vasquez; Josep M. Guerrero;

Economic Dispatch for Operating Cost Minimization Under Real-Time Pricing in Droop-Controlled DC Microgrid

Abstract

In this paper, an economic dispatch problem for total operation cost minimization in DC microgrids is formulated. An operating cost is associated with each generator in themicrogrid, including the utility grid, combining the cost-efficiency of the system with demand response requirements of the utility. The power flow model is included in the optimization problem, thus the transmission losses can be considered for generation dispatch. By considering the primary (local) control of the grid-forming converters of a microgrid, optimal parameters can be directly applied to this control level, thus achieving higher control accuracy and faster response. The optimization problem issolved in a heuristic method. In order to test the proposed algorithm, a six-bus droop-controlled DC microgrid is used in the case studies. Simulation results show that under variable renewable energy generation, load consumption and electricity prices, the proposed method can successfully reduce the operating cost by dispatching economically the resources in the microgrid.

Country
Denmark
Keywords

Demand response, Genetic algorithm, Economics, DC microgrids, Optimal power flow

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    influence
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    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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selected citations
These citations are derived from selected sources.
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!
105
Top 1%
Top 10%
Top 1%
bronze