Flexibility of Microgrids with Energy Management Systems

In this chapter, the focus of the study is on the MGs equipped with EMS. There have been introduced several approaches to the energy management of MGs. However, in most of them, economic aspects, i.e., cost reduction, are the top priority desire of the problem from the MG stakeholders’ point of view. This could be done in different ways. On the one hand, reducing the total costs of the MGs by maximum utilization of self-production facilities (PV panels, wind turbines, etc.) as well as changing the energy consumption over time from peak hours to off-peak hours during the day. On the other hand, exploiting MGs’ flexibility so as to help the upstream grid in critical moments for monetary profits in return.