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A study on the bidding strategy of the Virtual Power Plant in energy and reserve market

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Veröffentlicht in: Energy reports 6(2020), 2 vom: Feb., Seite 622-626
Personen und Körperschaften: Huy Nguyen-Duc (VerfasserIn), Nhung Nguyen-Hong (VerfasserIn)
Titel: A study on the bidding strategy of the Virtual Power Plant in energy and reserve market/ Huy Nguyen-Duc, Nhung Nguyen-Hong
Format: E-Book-Kapitel
Sprache: Englisch
veröffentlicht:
2020
Gesamtaufnahme: : Energy reports, 6(2020), 2 vom: Feb., Seite 622-626
, volume:6
Schlagwörter:
Quelle: Verbunddaten SWB
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Zusammenfassung: This paper studies the bidding strategy of a Virtual Power Plant (VPP) in a market of energy and regulation service. The operation of distributed energy resources (DER) and battery energy storage inside the VPP is analyzed. A bidding strategy of the VPP including the spinning reserve contract and day-ahead offering/bidding contract is investigated. A two-stage robust optimization model is proposed to determine the VPP's purchasing/sell power in each contract to maximize the VPP's profit. The uncertainty in the DER and demand is considered in the optimization framework. The proposed model is applied to a small VPP including the photovoltaic (PV) system, battery energy storage (BESS) equipped in a customer.
ISSN: 2352-4847
DOI: 10.1016/j.egyr.2019.11.129
Zugang: Open Access