A microgrid (MG) is a small-scale version of the power system which makes possible the integration of renewable resources as well as achieving maximum demand side management (DSM) utilization. The future power system will be faced with severe uncertainties owing to penetration of renewable resources. Consequently, the uncertainty assessment of system performance is essential. The conventional energy scheduling in an MG may not be suitable for active distribution networks. Hence, this study focuses on the probabilistic analysis of optimal power dispatch considering economic aspects in a multi-carrier networked microgrid. The aim is to study the impact of uncertain behavior of loads, renewable resources, and electricity market on the optimal management of a multi-carrier networked microgrid. Furthermore, a novel time-based demand side management is proposed in order to reshape the load curve, as well as preventing the excessive use of energy in peak hours. The optimization model is formulated as a mixed integer nonlinear program (MINLP) and is solved using MATLAB and GAMS software. Results show that the energy sharing capability between MCMGs and MCMGs and the main grids as well as utilization of demand side management can decrease operating costs for smart distribution grids.
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