Priority-Based Scheduling of Energy Exchanges Between Cooperative Microgrids in Risk-Averse Environment

In view of the potential environmental and economic benefits that could arise from energy cooperation among microgrids, this paper proposes an energy scheduling framework for the coordinated operation of multiple coalition forming microgrids. The framework aims at maximizing the expected profits of the microgrids, while mitigating the risk on their profit variability, incurring from various system intermittencies. Within this framework, the power exchanges between the microgrids are regulated through a contribution-based scheme, through which the microgrids are prioritized based on their previous contributions to the coalition and their current power demands. The approach thereby provides an effective incentivizing mechanism for the microgrids in the form of priority, for their continued active participation in the coalition. Several case studies and comparative evaluations are shown to corroborate the efficacy of the proposed framework. Eventually, the impact of various system parameters on the optimal operating schedules is illustrated through sensitivity studies.