Microgrids are autonomous low-voltage power distribution systems that contain multiple distributed energy resources (DERs) and smart loads that can provide power system operation flexibility. To effectively control and coordinate multiple DERs and loads of microgrids, this paper proposes a...

Microgrids can be considered as controllable units from the utility point of view because the entities of microgrids such as distributed energy resources and controllable loads can effectively control the amount of power consumption or generation. Therefore, microgrids can make various contracts...