• OpenAccess
  • Optimal Control and Bidding Strategy of Virtual Power Plant with Renewable Generation  [CET 2016]
  • DOI: 10.4236/wjet.2016.43D004   PP.27 - 34
  • Author(s)
  • Yuchang Kang, Kwoklun Lo
  • A Virtual Power Plant (VPP), aggregating the capacities of distributed energy resources (DER) as a single profile, provides presence of DERs in the electricity market. In this paper, a stochastic bidding model is proposed for the VPP to optimise the bids in the day-ahead and balancing market, with the objective to maximise its expected economic profit. The performance of proposed strategy has been assessed in a modified commercial VPP (CVPP) system with wind generation installed, and also the results are compared with the ones achieved from other commonly-used strategies to verify its feasibility.
  • Virtual Power Plant, Electricity Market, Distributed Energy Resources
  • References
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