Typically, micro-grid is considered as an effective way to integration of distributed generations. However, in the deregulated environment integration of micro-grid in power system should be further considered. In this paper, a stochastic bidding strategy of joint market for the energy and spinning reserve services markets, with taking into account of the uncertainties of renewable distributed generation output power, load and electricity market prices to maximize the profits of micro-grid, is recommended. The bidding strategy is modeled as an optimization problem and is divided into two stages. First the predictions for uncertainties was carried out by using Adaptive Neural Fuzzy Inference System(ANFIS) and according to the forecast errors and Latin Hyperbolic Sampling (LHS) method, scenarios for micro-grid produced and these scenarios is reduced by using backward scenario reducing. In the second stage, according to the generated scenarios in the previous stage, the profit of micro-grid bidding including the revenue of micro-grid bidding, operation and imbalance costs is optimized by genetic algorithm. In the end, micro-grid bids is sent to market. The effectiveness of the proposed method is discussed on a sample micro-grid and results show the effectiveness of the proposed method.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.