A novel cost‐effective voltage fluctuations management in a droop‐controlled islanded microgrid

Abstract This paper presents a new energy management system (EMS) for an islanded microgrid (MG) to increase power system security cost‐effectively. The small size of MGs, variations in renewable energy sources (RESs) output power, and low inertia of power electronic interfaced distributed energy resources (DERs) convert voltage fluctuations into a vital issue for the MG EMS. This paper proposes a two‐stage stochastic multiobjective framework to simultaneously attain economic, environmental, and technical aims. In the first stage, many scenarios related to RESs output power variations, load demand changes, and DERs contingency outages are generated using Monte Carlo simulation. Afterwards, generated scenarios are reduced and applied to the second stage. A novel objective function based on the expected voltage fluctuations (EVFs) caused by active and reactive power variations is proposed, which is minimized alongside the active and reactive costs and MG emission. The proposed model is applied to a test MG, and active and reactive power and primary and secondary reserve scheduling are correctly accomplished for five different cases. Precise analysis confirms the notability and effectiveness of MG voltage fluctuations management in energy and reserve scheduling. Numerical results show more than 60% reduction in voltage fluctuations