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 (μCHP) systems
demonstrates the potential benefits and operation scenarios
of the MBVPP model.
Original language | English |
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Title of host publication | International Conference on Clean Electrical Power |
Publisher | IEEE |
Publication date | 2009 |
Pages | 460-465 |
ISBN (Print) | 978-1-4244-2543-3 |
DOIs | |
Publication status | Published - 2009 |
Event | 2nd International Conference on Clean Electrical Power: Renewable Energy Resources Impact - Capri, Italy Duration: 9 Jun 2009 → 11 Jun 2009 Conference number: 2 |
Conference
Conference | 2nd International Conference on Clean Electrical Power |
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Number | 2 |
Country | Italy |
City | Capri |
Period | 09/06/2009 → 11/06/2009 |
Bibliographical note
Copyright: 2009 IEEE. Personal use of this material is permitted. However, permission to reprint/republish this material for advertising or promotional purposes or for creating new collective works for resale or redistribution to servers or lists, or to reuse any copyrighted component of this work in other works must be obtained from the IEEEKeywords
- Electricity market
- Distributed Energy Resources
- market-based Virtual Power Plant