This paper explores real power generation planning, considering distributed generation resources and energy storage in a small standalone power system. On account of the Kyoto Protocol and Copenhagen Accord, wind and photovoltaic (PV) powers are considered as clean and renewable energies. In...

Bidding competition is one of the main transaction approaches in a deregulated electricity market. Locational marginal prices (LMPs) resulting from bidding competition and system operation conditions indicate electricity values at a node or in an area. The LMP reveals important information for...

Microgrids can increase power penetration from distributed generation (DG) in the power system. The interface (<em>i.e.</em>, the point of common coupling, PCC) between the microgrid and the power utility must satisfy certain standards, such as IEEE Sd. 1547. Energy monitoring of the microgrid at the PCC...

Operation of wind power generation in a large farm is quite challenging in a smart grid owing to uncertain weather conditions. Consequently, operators must accurately forecast wind speed/power in the dispatch center to carry out unit commitment, real power scheduling and economic dispatch. This...

Microgrids are a highly efficient means of embedding distributed generation sources in a power system. However, if a fault occurs inside or outside the microgrid, the microgrid should be immediately disconnected from the main grid using a static switch installed at the secondary side of the main...