Communication Networks and Services, John Wiley, UK, 2017

The work entitled “Cooperative Energy Management in Microgrids”, by Ioannis Zenginis, John Vardakas, Prodromos-Vasileios Mekikis, and Christos Verikoukis, has been published as a book chapter in the book entitled “Transportation and Power Grid in Smart Cities: Communication Networks and Services”, John Wiley, UK, 2017.
This work proposes a novel cooperative energy management scheme for the optimum management of the energy generated, stored, and consumed at microgrids. The proposed scheme considers that the microgrid comprises buildings of various types with diverse load profiles, which are able to exchange energy so that an optimal utilization of the energy generated by renewable energy sources installed at the buildings is achieved. This work also presents an optimization model that determines the optimal size of various components, such as solar panels, energy storage systems, and inverters, as well as the optimum operational plan of each building. The key objective of the developed cooperative energy management system is the reduction of the power consumption in peak‐demand hours, together with the cost minimization and provision of energy self‐sufficiency mainly through an effective cooperation among consumers.

Microgrid scenario for the cooperative energy management model.