An Economical Energy Management Strategy for Viable Microgrid Modes

In the last couple of decades, numerous energy management strategies have been devised to mitigate the effects of greenhouse gas emission, hence introducing the concept of microgrids. In a microgrid, distributed energy generators are used. Microgrid enables a point which ameliorates in exchanging power with the main grid during different times of day. Based on the system constraints, in this work, we aim to efficiently minimize the operating cost of the microgrid and shave the power consumption peaks. For this purpose, we introduce an improved binary bat (iBBat) algorithm which helps to schedule the load demand of smart homes and energy generation from distributed generator of microgrid to the load demand and supply. The proposed energy management algorithm is applied to both grid-connected and islanded modes of the microgrid. The constraints imposed on the algorithm ensure that the load of electricity consumer does not escalate during peak hours. The simulation results are compared with BBat and binary flower pollination algorithm, which validate that the iBBat reflects substantial reduction in operating cost of microgrid. Moreover, results also show a phenomenal reduction in the peak-to-average ratio of load demand from main the main grid.