Operation of decentralized electricity markets in microgrids

A microgrid is a MV/LV grid with embedded distributed generation unit, mainly based on renewable sources, interconnected with the upstream grid to exchange the surplus or deficit of electrical power locally produced respect to the load. An actual research theme in microgrid is to propose rules to implement market competition also inside the microgrid. On this subject, the paper proposes a scheme to implement a local microgrid market linked to main grid market. From the results reported in the paper will be clear the effectiveness of such proposed approach and the economic advantage for local producers and loads..