Enhancing Smart Microgrid Resilience and Virtual Power Plant Profitability Through Hybrid IGWO-PSO Optimization With a Three-Phase Bidding Strategy

Yuvaraj, T. and Sengolrajan, T. and Prabaharan, N. and Devabalaji, Kaliaperumal Rukmani and Uehara, Akie and Senjyu, Tomonobu (2025) Enhancing Smart Microgrid Resilience and Virtual Power Plant Profitability Through Hybrid IGWO-PSO Optimization With a Three-Phase Bidding Strategy. IEEE Access, 13. 80796 - 80820. ISSN 21693536

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Abstract

The increasing energy demand and rising fossil fuel prices are accelerating the transition to renewable energy, supported by government initiatives due to their environmental and economic advantages. However, challenges such as limited capacity and stability constraints hinder the widespread adoption of distributed energy resources (DERs). Virtual Power Plants (VPPs) enhance market participation by aggregating DERs, while electric vehicles (EVs) contribute to environmental sustainability by reducing emissions. Additionally, integrating distribution static compensators (DSTATCOMs) within VPPs improves microgrid stability and reactive power support. This study proposes a two-stage optimization approach to enhance network resilience and VPP profitability in a radial distribution network (RDN). The first stage focuses on minimizing resilience-related costs and energy not supplied (ENS) during natural disasters, while the second stage optimizes VPP profit using a three-phase bidding strategy, which includes the day-ahead market, real-time market, and overall market. A hybrid improved grey wolf optimization-particle swarm optimization (IGWO-PSO) algorithm is developed to solve this complex optimization problem. To demonstrate the effectiveness of the proposed approach, IGWO-PSO is compared with other hybrid optimization algorithms. Validation on a modified IEEE 33-bus RDN confirms that the proposed model enhances VPP placement and sizing, leading to improved economic, operational, and resilience metrics. Furthermore, the model accounts for uncertainties in load demand, renewable generation, energy prices, and equipment availability, ensuring a robust and adaptable energy management strategy. © 2025 Elsevier B.V., All rights reserved.

Item Type: Article
Additional Information: Cited by: 4; All Open Access; Gold Open Access
Uncontrolled Keywords: Distributed Wind; Nonprofit organization; Gray wolves; Hybrid improved gray wolf optimization-particle swarm optimization algorithm; Microgrid; Optimisations; Particle swarm optimization algorithm; Radial distribution networks; Resilience; Virtual power plant profit; Virtual power plants; Particle swarm optimization (PSO)
Subjects: Energy > Energy Engineering and Power Technology
Divisions: Arts and Science > Vinayaka Mission's Kirupananda Variyar Arts & Science College, Salem > Computer Science
Depositing User: Unnamed user with email techsupport@mosys.org
Date Deposited: 25 Nov 2025 11:52
Last Modified: 25 Nov 2025 11:52
URI: https://vmuir.mosys.org/id/eprint/522

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