AUTHOR=Yan Mengxuan , Li Zhanlian , Lai Chun Sing , Zhao Zhuoli , Zobaa Ahmed F. , Lai Loi Lei , Shi Zebing 

TITLE=Energy management considering multiple power markets and microgrid storage

JOURNAL=Frontiers in Energy Research

VOLUME=Volume 11 - 2023

YEAR=2023

URL=https://www.frontiersin.org/journals/energy-research/articles/10.3389/fenrg.2023.1285270

DOI=10.3389/fenrg.2023.1285270

ISSN=2296-598X

ABSTRACT=Storage response highly influences the operational cost of the microgrid. Power market has provided a selection of tariffs which increases difficulties for customer choice. New market entry and traditional tariffs exist together to form a complex market environment. Facing this situation, this paper establishes a complex microgrid market environment with four types of tariffs. By modelling response of electric storage and cold storage in microgrid, a non-linear mixed integer optimization problem is formulated. Numerical studies are implemented for model verification and market performance analysis. Results show that behavior trade-off occurs on different market entries on total cost optimization for microgrid operation.