Abbreviations MG microgrid CHP combined heat and power BCHP biomass-based CHP GS biomass gasifier ICE internal combustion engine WT wind turbine PV photovoltaic ES energy storage BT battery PGS producer gas storage TES thermal energy storage HOB heat-only boiler MCS Monte Carlo simulation COE cost of energy PDF probability density function Symbols E electricity demand (kWh) o reference facility i index of installed units that contribute to capital cost j index of installed units that contribute to O&M and fuel cost chr charging dis discharging min minimum charging and discharging rate (kWh/h) max maximum charging and discharging rate (kWh/h)

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