Intelligent remuneration and tariffs for virtual power players

Catarina Ribeiro, Tiago Pinto, Hugo Morais, Zita Vale, Gabriel Santos

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Abstract

Power systems have been through deep changes in recent years, namely due to the operation of competitive electricity markets in the scope the increasingly intensive use of renewable energy sources and distributed generation. This requires new business models able to cope with the new opportunities that have emerged. Virtual Power Players (VPPs) are a new type of player that allows aggregating a diversity of players (Distributed Generation (DG), Storage Agents (SA), Electrical Vehicles (V2G) and consumers) to facilitate their participation in the electricity markets and to provide a set of new services promoting generation and consumption efficiency, while improving players' benefits. A major task of VPPs is the remuneration of generation and services (maintenance, market operation costs and energy reserves), as well as charging energy consumption. This paper proposes a model to implement fair and strategic remuneration and tariff methodologies, able to allow efficient VPP operation and VPP goals accomplishment in the scope of electricity markets.
Original languageEnglish
Title of host publicationProceedings of 2013 IEEE Grenoble PowerTech (POWERTECH)
Number of pages6
PublisherIEEE
Publication date2013
ISBN (Print)9781467356695
DOIs
Publication statusPublished - 2013
Externally publishedYes
Event2013 IEEE Grenoble PowerTech - Grenoble, France
Duration: 16 Jun 201320 Jun 2013

Conference

Conference2013 IEEE Grenoble PowerTech
CountryFrance
CityGrenoble
Period16/06/201320/06/2013

Keywords

  • Power, Energy and Industry Applications
  • Electricity Markets
  • Multi-agent Simulation
  • Remuneration
  • Tariff
  • Virtual Power Players

Cite this

Ribeiro, C., Pinto, T., Morais, H., Vale, Z., & Santos, G. (2013). Intelligent remuneration and tariffs for virtual power players. In Proceedings of 2013 IEEE Grenoble PowerTech (POWERTECH) IEEE. https://doi.org/10.1109/PTC.2013.6652157