Optimal bidding in a Day-Ahead energy market for Micro Grid under uncertainty in renewable energy production

The effectiveness of the proposed methodology is assessed through the analysis of a case study consisting of a grid connected residential MG. The obtained results show different optimal bids depending on the risk adversity with respect to the uncertainty of PV power production, and how PV energy production can be integrated with optimal results in a MG if the prosumer's strategy takes into account the uncertainty linked to the energy output.