A rank-based multiple-choice secretary algorithm for minimising microgrid operating cost under uncertainties

Abstract

The increasing use of distributed energy resources changes the way to manage the electricity system. Unlike the traditional centralized powered utility, many homes and businesses with local electricity generators have established their own microgrids, which increases the use of renewable energy while introducing a new challenge to the management of the microgrid system from the mismatch and unknown of renewable energy generations, load demands, and dynamic electricity prices. To address this challenge, a rank-based multiple-choice secretary algorithm (RMSA) was proposed for microgrid management, to reduce the microgrid operating cost. Rather than relying on the complete information of future dynamic variables or accurate predictive approaches, a lightweight solution was used to make real-time decisions under uncertainties. The RMSA enables a microgrid to reduce the operating cost by determining the best electricity purchase timing for each task under dynamic pricing. Extensive experiments were conducted on real-world data sets to prove the efficacy of our solution in complex and divergent real-world scenarios.