Robust Optimal Energy and Reserve Management of Multiple-Microgrids via Cooperative Bidding

This work proposes a cooperative trading scheme for the robust optimal energy and reserve management in a multiple-microgrid (MMG) system comprising four microgrids (MGs). This scheme includes a robust optimization (RO) model which accounts for the uncertainties in the renewable energy source (RES) generation, the load demand and the energy market prices using a scenario based worst-case exploration technique. A coordinating entity in the MMG system called a power sharing operator manages the day-ahead energy and reserve trading between the MGs and also with the main grid, thereby enabling market clearing within the MMG system. The proposed scheme is based on the iterative sub-gradient method. The results showcase the convergence characteristics of the proposed scheme. Moreover, the tradeoff between the energy and reserve costs in each MG are also analysed. Finally, the economic benefits gained by the MMG system under the proposed RO based cooperative trading scheme are evaluated.