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	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

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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.",

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