Abstract-This paper focuses on the problem of energy imbalance management in a microgrid. The problem is investigated from the power market perspective. Unlike the traditional power grid, a microgrid can obtain extra energy from a renewable energy source (RES) such as a solar panel or a wind turbine. However, the stochastic input from the RES brings difficulty in balancing the energy. In this study, a novel pricing scheme is proposed that provides robustness against the intermittent power input. The proposed scheme considers possible uncertainty in the marginal benefit and the marginal cost of the power market. It uses all available information on the power supply, power demand, and imbalanced energy. The parameters of the scheme are evaluated using an H∞ performance index. It turns out that the parameters can be obtained by solving a linear matrix inequality problem, which is efficiently solvable due to its convexity. Simulation examples are given to show its excellent performance in comparison with existing area control error pricing schemes.
In REF , the authors proposed a novel pricing strategy that enables robustness against uncertain power input.
Energy Imbalance Management Using a Robust Pricing Scheme
ArXiv
ArXiv
Economics Computer Science