Cyber-Physical System-Based Hybrid Energy Management for Microgrids

Abstract

The need for Renewable Energy Sources (RES) in the grid grows as rising energy demand drives up fossil fuel use, increased deregulation of electricity, and environmental concerns. This also presents significant difficulties for existing networks, which are not equipped to deal with electricity that is highly variable or dispersed. In order to accommodate the intermittent and fluctuating energy production from RES, the electrical system has been modified by the introduction of the Microgrid (MG). In order to keep the grid stable and lower the operating cost of the MG, load scheduling based on demand response is used, in which the prosumers' load is planned according on the priority levels. If prosumers generate more energy than they use, they may sell the extra juice to the utility company. The Peer to Peer (P2P) energy sharing mechanism is used in the suggested solution, allowing the prosumer to distribute the extra energy produced in an MG neighbourhood. P2P is a more efficient means of trading than the present system. Integrating renewable energy sources (RES) like photovoltaic (PV) systems, micro-wind turbines, and energy storage systems (ESS) into a conventional grid design is the focus of this study.