Smart Cost Optimization for Microgrids

Integrating Renewable Energy and Demand Response for Efficient Microgrid Operation

10 mins
What is it about?




This study focuses on the economic scheduling of microgrids (MGs) using renewable energy sources like solar and wind power. Microgrids can operate independently or with the main grid, offering flexibility and reliability in energy supply. The research aims to optimize microgrid operations, reducing costs and ensuring system reliability. It introduces a model incorporating demand response (DR) programs and an improved water wave optimization (WWO) algorithm.