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This paper investigates four energy utilization scenarios with or without home‐distributed photovoltaic generation (HDPG) to reduce the generation cost and pollutant emission of the dynamic economic emission dispatch with the charging/discharging of plug‐in electric vehicles (DEED‐PEV). The first scenario considers valley filling for the charging of PEVs. The second scenario combines valley filling and peak shaving for the charging and discharging of PEVs. The third scenario adds peak shaving of HDPG to the first scenario, followed by the peak shaving with the discharging of PEVs. The fourth scenario rearranges the distribution of photovoltaic (PV) power for the third scenario, and the PV power in the afternoon is stored by a photovoltaic energy storage system (PESS) and consumed in the evening. A universal procedure is designed for the valley filling and peak shaving of the four scenarios, which is beneficial for determining the filled and shaved loads with respect to certain time intervals. An NSGA‐II method based on a modified crossover and an elimination of individuals (NSGA‐II‐MCEI) is proposed for the multiobjective optimization of DEED‐PEV. The modified crossover can improve the convergence of NSGA‐II‐MCEI, and the elimination operator can maintain the evenness of the nondominated solutions. According to experimental results, scenario 4 achieves cost savings of 95386.62 $, 85636.87 $, and 6776.85 $, respectively, for Scenarios 1, 2, and 3, and it reaches emission reductions of 27617.64 kg, 17252.71 kg, and 220.98 kg, respectively, for scenarios 1, 2, and 3. Also, scenario 4 outperforms the other three scenarios for three weather conditions such as sunny day, cloudy day, and rainy day. [ABSTRACT FROM AUTHOR]

Due to its high energy storage density, high instantaneous power, quick charging and discharging speeds, and high energy conversion efficiency, flywheel energy storage technology has emerged as a new player in the field of novel energy storage. With the wide application of flywheel energy storage system (FESS) in power systems, especially under changing grid conditions, the low‐voltage ride‐through (LVRT) problem has become an important challenge limiting their performance. In this paper, we propose a machine‐grid side coordinated control strategy based on model predictive current control (MPCC) for the insufficient LVRT capability of traditional FESS during grid faults. Excellent dynamic properties are demonstrated by the technique, which allows the grid‐side converter output current to swiftly follow the reference current instruction. The FESS's LVRT capability is increased when the grid‐side converter uses the MPCC current inner loop rather than the proportional–integral current inner loop during grid voltage dips. This greatly increases the reactive power response speed and efficiently supports the quick recovery of grid voltage. According to simulation verification carried out by Matlab/Simulink, the suggested control approach can assure the long‐term dependable operation of the FESS during voltage dips. This study can also be used as a reference for improving the FESS's LVRT capabilities in the future. [ABSTRACT FROM AUTHOR]