A Market-Based Virtual Power Plant

Shi You; Chresten Træholt; Bjarne Poulsen

doi:10.1109/ICCEP.2009.5212012

A Market-Based Virtual Power Plant

Shi You, Chresten Træholt, Bjarne Poulsen

Department of Electrical Engineering

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

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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
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	https://doi.org/10.1109/ICCEP.2009.5212012
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
Number	2
Country/Territory	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 IEEE

Keywords

Electricity market
Distributed Energy Resources
market-based Virtual Power Plant

Access to Document

10.1109/ICCEP.2009.5212012

SB313Final published version, 539 KB

Cite this

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title = "A Market-Based Virtual Power Plant",

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.",

keywords = "Electricity market, Distributed Energy Resources, market-based Virtual Power Plant, ",

author = "Shi You and Chresten Tr{\ae}holt and Bjarne Poulsen",

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 IEEE; 2nd International Conference on Clean Electrical Power : Renewable Energy Resources Impact, ICCEP 2009 ; Conference date: 09-06-2009 Through 11-06-2009",

year = "2009",

doi = "10.1109/ICCEP.2009.5212012",

language = "English",

isbn = "978-1-4244-2543-3",

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booktitle = "International Conference on Clean Electrical Power",

publisher = "IEEE",

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AU - You, Shi

AU - Træholt, Chresten

AU - Poulsen, Bjarne

N1 - Conference code: 2

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Y1 - 2009

N2 - 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.

AB - 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.

KW - Electricity market

KW - Distributed Energy Resources

KW - market-based Virtual Power Plant

U2 - 10.1109/ICCEP.2009.5212012

DO - 10.1109/ICCEP.2009.5212012

M3 - Article in proceedings

SN - 978-1-4244-2543-3

SP - 460

EP - 465

BT - International Conference on Clean Electrical Power

PB - IEEE

T2 - 2nd International Conference on Clean Electrical Power

Y2 - 9 June 2009 through 11 June 2009

ER -

A Market-Based Virtual Power Plant

Abstract

Conference

Bibliographical note

Keywords

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