  An optimal scheduling model for a microgrid participating in the electricity
distribution market in interaction with a Distribution Market Operator (DMO) is
proposed in this paper. The DMO administers the established electricity market
in the distribution level, sets electricity prices, determines the amount of
the power exchange among market participants, and interacts with the
Independent System Operator (ISO). Considering a predetermined main grid power
transfer to the microgrid, the microgrid scheduling problem will aim at
balancing the power supply and demand while taking financial objectives into
account. Numerical simulations exhibit the application and the effectiveness of
the proposed market-based microgrid scheduling model and further investigate
merits over a price-based scheme.

Systems and Control