A Novel Operational Model for Interconnected Microgrids Participation in Transactive Energy Market: A Hybrid IGDT/Stochastic Approach

Mohammadreza Daneshvar, Behnam Mohammadi-Ivatloo, Kazem Zare, Somayeh Asadi, Amjad Anvari-Moghaddam

Research output: Contribution to journalArticlepeer-review

12 Scopus citations

Abstract

Recently, the decarbonization of the electric power system has led to substantial efforts for designing a pathway toward 100% renewable energy resources (RERs). In this article, we propose a novel operational model for the effective participation of the interconnected microgrids with 100% RERs in the transactive energy market. The novelty of the proposed model is mostly related to the use of transactive energy technology for developing the free energy trading environment for the microgrids with 100% RERs as the local energy-trading market to establish a dynamic energy balance in the system. To capture the intermittencies in the system, a hybrid version of the stochastic programming and information gap decision theory (IGDT) method with the risk-averse and risk-seeker strategies is proposed in the deregulated environment. The proposed model is validated by selecting the modified IEEE 14-bus test system. The results indicate the effectiveness of the proposed model in providing the same percentage of cost-saving for microgrids when they simultaneously participate in the transaction energy market. The cooperative energy interactions of the microgrids in the transactive energy market based on the proposed model lead to 18.34% cost-saving for them in comparison with the base model.

Original languageEnglish (US)
Article number9151349
Pages (from-to)4025-4035
Number of pages11
JournalIEEE Transactions on Industrial Informatics
Volume17
Issue number6
DOIs
StatePublished - Jun 2021

All Science Journal Classification (ASJC) codes

  • Control and Systems Engineering
  • Information Systems
  • Computer Science Applications
  • Electrical and Electronic Engineering

Fingerprint

Dive into the research topics of 'A Novel Operational Model for Interconnected Microgrids Participation in Transactive Energy Market: A Hybrid IGDT/Stochastic Approach'. Together they form a unique fingerprint.

Cite this