This paper proposes a power balancing strategy for dispatchable and non-dispatchable sources in an islanded microgrid. This control method enables energy storage system that employs a voltage-band at a dc busbar to maintain grid voltage stability for short period disturbances in a network. This voltage-band, applied to obtain maximum benefit from the storage system, depends on a storage capacity feature to avoid voltage limit violation. In addition, a linear quadratic regulator is employed as a voltage controller to track the reference grid voltage that is obtained from the proposed P/V droop control strategy. In the proposed control method, a long-term energy storage element, such as a battery, also can be used to regulate voltage and deliver insufficient power in a microgrid. It is concluded that the proposed control method exhibits an effective result in voltage and power issue during transient.