Stochastic Optimization of Economic Dispatch for Microgrid Based on Approximate Dynamic Programming

This paper proposes an approximate dynamic programming (ADP)-based approach for the economic dispatch (ED) of microgrid with distributed generations. The time-variant renewable generation, electricity price, and the power demand are considered as stochastic variables in this paper. An ADP based ED (...

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Bibliographic Details
Published in:	IEEE transactions on smart grid Vol. 10; no. 3; pp. 2440 - 2452
Main Authors:	Shuai, Hang, Fang, Jiakun, Ai, Xiaomeng, Tang, Yufei, Wen, Jinyu, He, Haibo
Format:	Journal Article
Language:	English
Published:	Piscataway IEEE 01.05.2019 The Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subjects:	Algorithms approximate dynamic programming (ADP) Batteries Computer simulation Distributed generation Dynamic programming economic dispatch (ED) Economics Electricity consumption Electricity pricing Energy management Error reduction Generators Linear functions Microgrid Microgrids Monte Carlo simulation Optimization Power dispatch Prediction algorithms stochastic optimization Uncertainty
ISSN:	1949-3053, 1949-3061
Online Access:	Get full text
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