An Efficient Scenario-based Stochastic Energy Management of Distribution Networks with Distributed Generation, PV Module, and Energy Storage

Abstract

Incorporating Renewable Energy Sources (RES) incurs a high level of uncertainties to electric power systems. This level of uncertainties makes the conventional energy management methods inefficient and jeopardizes the security of distribution systems. In this connection, a scenario-based stochastic programming is introduced to harness uncertainties in the load, electricity price, and photovoltaic generation. Further, a hybrid evolutionary algorithm based on Grey Wolf Optimizer and Particle Swarm Optimisation algorithm is proposed to find the best operation cost, and Energy Not Supplied (ENS) as two important objective functions, which almost always are in stark contrast with each other. The proposed algorithm is applied to the modified IEEE 69-bus test system and the results are validated in terms of efficiency, which indicates a cogent trade-off between the fitness functions addressed above.