Economic dispatch optimization of microgrid in islanded mode

Microgrid combines with Distributed Energy Resources (DERs), energy storage, and controllable loads. It is connected to the maingrid through the point of common coupling (PCC). Economic dispatch using reduced gradient method is implemented for the optimization of energy in the microgrid using MATLAB. The optimization is obtained by minimizing the cost function of the system while meeting the load demand. The operation & maintenance cost, and investment costs are considered in the cost functions of the microsources. The minimum total cost of the system is obtained by comparing different scenarios of the microsources in the microgrid.