Microgrids in Competitive Market Environment: An Indian Perspective

Microgrids are believed to be the befitting green solution ever-rising energy crisis in developing nations. The resource rich nations rapidly shifting their dependence on microgrids meet reduced carbon footprint target at a global level. This paper addresses this issue and presents detailed technical review microgrid integration competitive electricity market scenario. An in-depth coverage of need for importance deployments across India is presented work. relevant literature that highlights significance various storage systems reviewed. authors present perspective scenario covering both day ahead real time scenarios thereby discussing concept maximizing social benefit grid integrated framework. work also focuses optimization techniques outlines comparison showing merits demerits all implemented by researchers so far. highlight fact holds potential not only outgrow fossil fuels but it shall do fetching requisite economic investors as well.