Profit model of microgrid

About Profit model of microgrid

To address this problem, we proposed an unprecedented game theoretic model by means of Stackelberg strategy to peruse the competition among MGs aggregators and DSO in order to attain the equilibrium point that can maximize the profit of all players who participate in retail market.

A comprehensive benefit distribution model of microgrid clusters considering the shared benefit of hydrogen storage was constructed. This paper integrates the energy utilization benefits and peak buffering benefits of the main grid into economic benefits, and reasonably allocates the optimal benefits of joint multi-microgrid mutual aid.

Tang et al. established a Stackelberg game model to coordinate energy management among multiple microgrids by determining optimal bus routes, where a plug-in electric bus (a special type of PEV) operator is the leader and microgrid operators (MGOs) are the followers [37].

In this paper, a novel pricing model is presented with the aim of maximizing the utilization of energy generated in the microgrid and reducing the import of energy from the utility grid, whereas ensuring more beneficial prices for energy within the microgrid compared with the utility grid.

The model effectively improves the maximum profit of microgrid, improves the position of power users in the power market, effectively reduces the phenomenon of distributed power supply in .

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6 FAQs about [Profit model of microgrid]

How does a microgrid model work?

The model effectively improves the overall profit of the supply side of the microgrid, improves the user satisfaction, and maximizes the linkage benefits of the supply and demand of the micro grid.

How are the benefits of microgrids calculated?

In the second stage, the comprehensive benefits of different scenarios are calculated by comparing whether the microgrids are in a cluster and whether the energy storage is shared. The third stage is to reasonably distribute the benefits of the members of the microgrid cluster.

How effective is a PV-roofed microgrid?

By using the collected data from realistic PV-roofed buildings, the effectiveness of the model is verified in terms of the profit of MGO, the utilities of prosumers, and the net energy of the microgrid. For microgrids with photovoltaic (PV) prosumers, the effective energy sharing management (ESM) is important for the operation.

How can microgrids help a smart grid?

Obviously, microgrids play a vital role in evolving the existing power grid to a future smart grid by integrating renewable energy generation and upgraded energy policies in distribution networks, and therefore, they can meet the energy demands of end-users effectively .

How does a microgrid model reduce the phenomenon of distributed power supply?

In addition, the model effectively reduces the phenomenon of distributed power supply in the microgrid, and realizes the supply and demand matching of the whole load in the microgrid.

Can a microgrid reduce power failure?

The results show that the complementarity between microgrids and the configuration of hydrogen energy storage can eliminate the phenomenon of power failure, reduce the dependence of microgrids on the superior grid, improve the peak regulation capacity, promote the consumption of renewable energy, and obtain economic benefits. 1. Introduction 1.1.