Microgrid investment and development flow chart

How can microgrids participate in wholesale markets?

Microgrids must have sufficient generation or demand response available to participate in wholesale markets. They must plan to have a percentage of their capacity available for market participation while retaining sufficient resources to serve their own critical loads.

What drives microgrid development?

Resilience, efficiency, sustainability, flexibility, security, and reliability are key drivers for microgrid developments. These factors motivate the need for integrated models and tools for microgrid planning, design, and operations at higher and higher levels of complexity.

What is a microgrid development journey?

Based on our lived experience, Monash have produced a Microgrid Development Journey to guide other precincts, businesses and communities through the process. As the development of a Microgrid is heavily dependent on the local context, there are multiple pathways available to users and developers.

How can microgrid investment balancing the public interest?

An institutional framework that enables microgrid investment while balancing the public interest requires a well-informed community of stakeholders and targeted R&D activities to inform evolutions in regulatory approaches, as well as various codes and standards that must be modernized to include novel technologies and approaches.

Can financial structure address microgrids' development challenge?

It is equivalent to the results for a revised allocation structure, where all the benefits of microgrid establishment are directed to the right entities; taking this fact into account, Δ in Fig. 9, represents the capacity of financial structure in addressing microgrids’ development challenge.

What is the current regulatory structure for microgrids?

The current regulatory structure is evolving from central generation with long-distance transmission to distribution utilities, toward more local generation in distribution networks with third-party, non-utility and utility-owned microgrids ( Reilly, 2016; Erickson, 2016 ).