This paper reports the development of a model for continuous simulation of the power flow into AC–DC hybrid microgrids operating for different generation–consumption scenarios. The proposed application was assembled using a multiple-input multiple-output model which was built using blocks containing simplified models of photovoltaic (PV) modules, wind turbines (WT), battery arrays (energy storage units, ESU), and power loads. The average power was used as the input/output variable of the blocks, allowing flexibility for easy reconfiguration of the microgrid and its control. By defining a generation profile, PV and WT were modeled considering environmental conditions and efficiency profiles of the maximum power point tracking (MPPT) algorithms. ESUs were modeled from intrinsic characteristics of the batteries, considering a constant power charge regime and using the State of Energy (SoE) approach to compute autonomy. To define a consumption profile, DC and AC loads were modeled as a constant real power. As an innovative characteristic, unidirectional and bidirectional power conversion stages were modeled using efficiency profiles, which can be obtained from experiments applied to the real converters. The outputs of the models of generation, consumption, and storage units were integrated as inputs of the mathematical expressions computing the power balance of the buses of the microgrid. The proposed model is suitable to analyze efficiency for different configurations of the same microgrid architecture, and can be extended by integrating additional elements. The model was implemented in LabVIEW software and three examples were developed to test its correct operation.