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• W2943033351 abstract "The modern technological advancements have made the integration of various renewable energy resources and consumers possible to participate efficiently for better and reliable system operation. Microgrid is one of the most important players of electricity market. In this paper the optimization problem of the microgrid system operating in hybrid electricity market under pool and bilateral contract agreement with demand response of consumers has been investigated. The mathematical model for the system has been developed and solved by CONOPT solver in GAMS optimization software. It shows that the power curtailed by the consumers not only helps in reduction in the overall demand and operating cost of the system but also provide incentives to the consumers to participate in demand response." @default.
• W2943033351 created "2019-05-09" @default.
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• W2943033351 date "2018-12-01" @default.
• W2943033351 modified "2023-09-27" @default.
• W2943033351 title "Consumer Participation Based Scheduling of Microgrid System in Electricity Market" @default.
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• W2943033351 doi "https://doi.org/10.1109/poweri.2018.8704432" @default.
• W2943033351 hasPublicationYear "2018" @default.
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