A cost-efficient based cooperative model for reliable energy management of networked micro grids within a smart island

This paper mainly focuses on investigating a stochastic energy management approach to enhance reliability of the networked microgrids within a smart island. In this regard, a networked microgrid is considered in the smart island, which is integrated with a multi-energy hub (multi-EH) system aiming to simultaneously support the electrical, thermal, and water demands of the island, isolated from the main grid. The objective function is organized as the cost of operation and reliability of the networked microgrid and is solved using a modified bat algorithm. The uncertainty of stochastic parameters is modelled using the 2-m point estimate method, which has notable advantages in terms of accuracy and simplicity of implementation. Different scenarios are considered both in critical and normal conditions to evaluate the performance of the studied model. Both GAMS and MATLAB software’s were employed to study the proposed model. The proposed model improved the reliability of the networked microgrid system and results reveal that the proposed cooperative approach could decrease total operation and investment cost of the networked microgrid by 13%.