This paper presents a new modified Contract Net Protocol (CNP) for microgrid operation based on multiagent system. The CNP is a widely used protocol for interactions among distributed problem solving. The Contract Net Interaction Protocol of the Foundation for Intelligent Physical Agents (FIPA-CNIP) is a minor modification of the original CNP for multiagent system applications. In this paper, a modified CNP (MCNP) based on the FIPA-CNIP is proposed for more specialized interactions among agents for microgrid operation. A multiagent system is designed and constructed for microgrid operation. A microgrid operation based on the multiagent system is tested to check the functionality of the proposed MCNP.