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Production scheduling with differential pricing for prioritized microgrids
Date Issued
07-02-2017
Author(s)
Samant, Devaansh
Jayadev, P. Satya
Chinde, V.
Indian Institute of Technology, Madras
Abstract
This paper explores the effectiveness of an energy market, modelling the interaction between a centralized power grid and a prioritized set of prosumer microgrids. The focus is on a differential pricing system for the electricity market while accounting for the physical constraints of power generation. More specifically, the model aims to optimize the scheduling of centralized power generation through a mix of integer programming and Model Predictive Control (MPC) over a fixed horizon.