Optimal planning and operation of power grid with electric vehicles considering cost reduction.

Given the ever-growing electricity consumption and environmental anxiety with the predominant usage of conventional fuels in power plants, it is crucial to explore suitable alternatives to address these issues. Renewable energy sources (RESs) have emerged as the preferred choice for meeting energy requirements due to their minimal pollution. This study proposes a new idea to minimize operational costs and achieve the most cost-effective grid with minimum cost. Meanwhile, the transportation sector is gradually replacing conventional fossil-cars with electric ones, specifically plug-in electric vehicles (PEVs) and plug-in hybrid electric vehicles (PHEVs), which have gained significant consideration. These vehicles can join to the main grid and engage in energy exchange through grid-to-vehicle (G2V) and vehicle-to-grid (V2G) technologies. Additionally, the concept of microgrid (MG) is proposed to optimize the potential of PEVs through smart infrastructure. Using the V2G capability, the operating costs are reduced, providing opportunities to incorporate PEVs into the network. Therefore, effective operation of MGs becomes highly significant. This paper suggests management of a MG consisting of PEVs and RESs. The approach utilizes a stochastic programming technique called unscented transformation (UT). The problem is addressed as a single-objective stochastic optimization problem with the aim of minimizing the operation cost. The proposed approach employs the hybrid whale optimization algorithm and pattern search (HWOA–PS) to solve the stochastic problem. The obtained outcomes are compared with those of other approaches to validate its effectiveness. [ABSTRACT FROM AUTHOR]