Smart energy management system for optimal microgrid economic operation

This study presents a smart energy management system (SEMS) to optimise the operation of the microgrid. The SEMS consists of power forecasting module, energy storage system (ESS) management module and optimisation module. The characteristic of the photovoltaics (PV) output in different weather conditions has been studied and then a 1-day-ahead power forecasting module is presented. As energy storage needs to be optimised across multiple-time steps, considering the influence of energy price structures, their economics are particularly complex. Therefore the ESS module is applied to determine the optimal operation strategies. Accordingly, multiple-time set points of the storage device, and economic performance…