Economic Dispatch Optimization of a Microgrid with Wind-Photovoltaic-Load-Storage in Multiple Scenarios

The optimal economic power dispatching of a microgrid is an important part of the new power system optimization, which is of great significance to reduce energy consumption and environmental pollution. The microgrid should not only meet the basic demand of power supply but also improve the economic benefit. Considering the generation cost, the discharge cost, the power purchase cost, the electricity sales revenue, the battery charging and discharging power constraints, and the charging and discharging time constraints, a joint optimization model for a multi-scenario microgrid with wind-photovoltaic-load storage is proposed in our study. Additionally, the corresponding model solving algorithm based on particle swarm optimization is also given. In addition, taking the Wangjiazhai project in Baiyangdian region as a case study, the effectiveness of the proposed model and algorithm is verified. The joint optimization model for a microgrid with wind-photovoltaic-load storage in multiple scenarios is discussed and investigated, and the optimal economic power dispatching schemes in multiple scenarios are also provided. Our research shows that: (1) the battery can play a role in peak shaving and valley filling, which can make microgrids more economical; (2) when the power purchase price is lower than the cost of renewable energy power generation, if the wind turbine and the photovoltaics are allowed to be discarded the microgrid will produce higher economic benefits; and (3) restricting the exchange power between the microgrid and the main power network will lead to a negative impact on the economy for the microgrid.