Contributions to Power Management in AC Microgrids Based on Concepts of Microeconomics Theory

Renewable energy sources are growing in importance and reshaping power systems through microgrid (MG) networks. Some relevant issues in the management of an MG need to be addressed, such as voltage and frequency control, power balance between sources (sharing) and distributed loads, stability, security, power quality, etc. As a contribution, this manuscript presents a power management of AC MGs based on concepts of microeconomics theory for market equilibrium. The prices of active and reactive energy are informed through the AC voltage parameters such as magnitude, frequency and angle. This approach allows several sources and loads to operate with no extra communication interface. Experiments are provided to validate operation in many different operational scenarios using a hardware-in-the-loop environment.