Mousumi Basu1, Chitralekha Jena2, Baseem Khan3,4,*, Ahmed Ali4
Energy Engineering, Vol.121, No.4, pp. 849-867, 2024, DOI:10.32604/ee.2024.043294
- 26 March 2024
Abstract In the restructured electricity market, microgrid (MG), with the incorporation of smart grid technologies, distributed energy resources (DERs), a pumped-storage-hydraulic (PSH) unit, and a demand response program (DRP), is a smarter and more reliable electricity provider. DER consists of gas turbines and renewable energy sources such as photovoltaic systems and wind turbines. Better bidding strategies, prepared by MG operators, decrease the electricity cost and emissions from upstream grid and conventional and renewable energy sources (RES). But it is inefficient due to the very high sporadic characteristics of RES and the very high outage rate. To More >