Title :
A market-based Virtual Power Plant
Author :
You, Shi ; Træholt, Chresten ; Poulsen, Bjarne
Author_Institution :
Dept. of Electr. Eng., Tech. Univ. of Denmark, Lyngby, Denmark
Abstract :
The fast growing penetration of distributed energy resources (DER) and the continuing trend towards a more liberalized electricity market requires more efficient energy management strategies to handle both emerging technical and economic issues. In this paper, a market-based virtual power plant (MBVPP) model is proposed which provides individual DER units the accesses to current electricity markets. General bidding scenario and price signal scenario as two optional operation scenarios are operated by one MBVPP. In the end, a use case of a MBVPP with micro combined heat and power (muCHP) systems demonstrates the potential benefits and operation scenarios of the MBVPP model.
Keywords :
cogeneration; distributed power generation; energy management systems; power generation economics; power markets; MBVPP model; bidding scenario; distributed energy resources; electricity market; energy management strategy; market-based virtual power plant; micro-combined heat and power system; Centralized control; Cogeneration; Control systems; Density estimation robust algorithm; Electricity supply industry; Energy resources; Optimal control; Power generation; Power generation economics; Power system modeling; Distributed Energy Resources; Electricity market; market-based Virtual Power Plant;
Conference_Titel :
Clean Electrical Power, 2009 International Conference on
Conference_Location :
Capri
Print_ISBN :
978-1-4244-2543-3
Electronic_ISBN :
978-1-4244-2544-0
DOI :
10.1109/ICCEP.2009.5212012