A Market-Based Virtual Power Plant

Shi You, Chresten Træholt, Bjarne Poulsen

    Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-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 languageEnglish
    Title of host publicationInternational Conference on Clean Electrical Power
    PublisherIEEE
    Publication date2009
    Pages460-465
    ISBN (Print)978-1-4244-2543-3
    DOIs
    Publication statusPublished - 2009
    Event2nd International Conference on Clean Electrical Power: Renewable Energy Resources Impact - Capri, Italy
    Duration: 9 Jun 200911 Jun 2009
    Conference number: 2

    Conference

    Conference2nd International Conference on Clean Electrical Power
    Number2
    Country/TerritoryItaly
    CityCapri
    Period09/06/200911/06/2009

    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

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