Demand Response Modeling in Microgrid Operation: a Review and Application for Incentive-Based and Time-Based Programs

Simulations are conducted for two principal categories of DRP including incentive-based programs and time-based programs on an 11-bus MG over a 24-h period and also a 14-bus MG over a period of 336 h (two weeks). Simulation results indicate the effects of DRPs on total operation costs, customer's benefit, and load curve as well as determining optimal use of energy resources in the MG operation. In this regard, prioritizing of DRPs on the MG operation is required.