Environmental concerns and new energy policies are causing energy systems to shift toward decentralization and sustainability. Electricity generation has been historically based on large-scale fossil and nuclear sources, even though in the last decade, the share of renewables has grown significantly. Microgrids (MGs) come as a suitable solution for the installation of distributed sources in the low-voltage (LV) grid, where most consumers are sparsely located. MGs ease the integration of distributed generators (DGs) with energy storage systems (ESSs) at a consumption level, especially renewable energy sources (RESs), such as solar panels and small wind turbines (WTs). By decentralizing electricity generation, it can now be produced in closer proximity to the consumer, thereby avoiding transmission and distribution losses and increasing the efficiency of the electricity grid, as well as higher power reliability.