2023
DOI: 10.1016/j.scs.2023.104535
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A four-stage stochastic framework for managing electricity market by participating smart buildings and electric vehicles: Towards smart cities with active end-users

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Cited by 39 publications
(5 citation statements)
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“…By allowing microgrids to share surplus energy with those in need, these systems can balance supply and demand dynamically, preventing disruptions and ensuring continuous power supply. 148 Energy trading creates economic opportunities for participants, encouraging the adoption of renewable energy sources and promoting a more equitable and accessible energy landscape. This collaborative approach enhances the flexibility, adaptability, and overall functionality of multi-microgrid systems, contributing to the development of resilient, self-sustaining, and economically viable energy networks.…”
Section: Discussionmentioning
confidence: 99%
“…By allowing microgrids to share surplus energy with those in need, these systems can balance supply and demand dynamically, preventing disruptions and ensuring continuous power supply. 148 Energy trading creates economic opportunities for participants, encouraging the adoption of renewable energy sources and promoting a more equitable and accessible energy landscape. This collaborative approach enhances the flexibility, adaptability, and overall functionality of multi-microgrid systems, contributing to the development of resilient, self-sustaining, and economically viable energy networks.…”
Section: Discussionmentioning
confidence: 99%
“…In the first category, economic planning models of interconnected water and power microgrids have been presented to reduce the total cost of microgrid operation. In these references, the amount of emission of pollution from power generation has been ignored [ 55 , 56 ]. In the second category, by using flexible resources such as ESS systems, they try to reduce the operating cost of the microgrid.…”
Section: Introductionmentioning
confidence: 99%
“…In this study, it is proposed a two‐tier bidding system designed to effectively manage the energy exchange process between MGs and renewable energy sources [42]. The authors of [43] present a stochastic framework consisting of four stages for the management of the electricity market. This framework involves the active participation of smart buildings and electric vehicles.…”
Section: Introductionmentioning
confidence: 99%