This paper presents a customized Microgrid simulation and demonstration tool, which allows evaluation of both economic aspects and electrical behaviour (steady state) of a Microgrid under both grid-connected and islanded modes of operation. Firstly, a brief introduction is given for the GUI and layout of functional modules of this tool. Then assumptions, algorithms, and typical simulation results are shown in further detail for three core (sub-) modules of this tool: energy balance dispatch, reliability evaluation, plus economics and demand response. In the end, possible future extensions of this tool are discussed.
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