Optimizing economical dispatch of a microgrid in islanding mode

In this paper, the focus is on the dispatching strategy of microgrids with minimization in costs and emissions. The novelty of this paper is in proposing a new approach toward combined heat and power generation in a grid with renewable energy resources, such as wind turbines, photovoltaic cells which reduces the overall costs considerably. In this research, for simulating the optimal dispatch of DG units and other power generation resources, GAMS software is applied to the problem, which results in a lower calculation time.