Stochastic Programming Approach For Energy Management In Electric Microgrids

Microgrids are smaller, self-contained electricity grids featuring distributed generation (e.g., solar photovoltaic panels, wind turbines, biomass), energy storage technologies, and power system control devices that enable self coordinated operations. Microgrids can be seen as a key technology for greater integration of renewable energy resources. However, the uncertain nature in power generated by these resources poses challenges to its integration into the electric grid. In this paper, we present a demand-side management stochastic optimization model to operate an isolated microgrid under uncertain power generation and demand.