Demand response in smart microgrids

The mismatch between supply and demand in microgrids can be overcome by effectively utilizing distributed energy resources and/or encouraging demand side management. Demand response is one of the popular techniques to demand side management. In this paper an agent based architecture to simulate virtual markets enabling customers of the market to participate in demand response and trade power using intelligent trading strategy which makes the market more realistic and microgrids smarter is proposed. The proposed concept is verified on a system with two microgrids. The proposed MAS is developed using Java Application Development (JADE) framework.