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Grid-price-dependent energy management in microgrids using a modified simulated annealing triple-optimizer

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  • Velik, Rosemarie
  • Nicolay, Pascal

Abstract

This article introduces a modified simulated annealing triple-optimizer for finding the optimal energy management strategy in terms of financial gain maximization in grid-connected, storage-augmented, photovoltaics-supplied prosumer building microgrids in a variable grid price scenario. For evaluating the performance of the optimizer, a number of test cases are specified offering different trading options to the prosumers. Obtained results are compared to a total state space search reference method and demonstrate that the simulated annealing approach was for all test cases able to find a globally optimal or close to optimal solution in significantly less computation time than the total space search reference method.

Suggested Citation

  • Velik, Rosemarie & Nicolay, Pascal, 2014. "Grid-price-dependent energy management in microgrids using a modified simulated annealing triple-optimizer," Applied Energy, Elsevier, vol. 130(C), pages 384-395.
    • Handle: RePEc:eee:appene:v:130:y:2014:i:c:p:384-395
    DOI: 10.1016/j.apenergy.2014.05.060
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