@inproceedings{e43eac98124841268e15171ad50aaace,
title = "Economic dispatch optimization of microgrid in islanded mode",
abstract = "Microgrid combines with Distributed Energy Resources (DERs), energy storage, and controllable loads. It is connected to the maingrid through the point of common coupling (PCC). Economic dispatch using reduced gradient method is implemented for the optimization of energy in the microgrid using MATLAB. The optimization is obtained by minimizing the cost function of the system while meeting the load demand. The operation & maintenance cost, and investment costs are considered in the cost functions of the microsources. The minimum total cost of the system is obtained by comparing different scenarios of the microsources in the microgrid.",
keywords = "Cost Functions, Economic Dispatch, Energy Storage, Microgrid, Reduced Gradient Method, Renewable Energy, Solar Energy, Wind Energy",
author = "Sundari Ramabhotla and Stephen Bayne and Michael Giesselmann",
note = "Publisher Copyright: {\textcopyright} 2014 IEEE.; International Energy and Sustainability Conference, IESC 2014 ; Conference date: 23-10-2014 Through 24-10-2014",
year = "2014",
month = mar,
day = "16",
doi = "10.1109/IESC.2014.7061838",
language = "English",
series = "International Energy and Sustainability Conference 2014, IESC 2014",
publisher = "Institute of Electrical and Electronics Engineers Inc.",
booktitle = "International Energy and Sustainability Conference 2014, IESC 2014",
}