Published October 1, 2019 | Version v1
Journal article

Quotation and operation optimization of VPP in medium and long term market

  • 1. Key Laboratory of Control of Power Transmission and Conversion (SJTU), Ministry of Education, Shanghai, 200240 (China)
  • 2. State Grid Henan Economic Research Institute, Zhengzhou, 450002 (China)

Description

Due to energy shortage and environmental pollution, distributed energy resource (DER) has been pouring into the grid, but its output is intermittent and fluctuant, which affects the operation of power grid. "Virtual power plant (VPP)" provides a channel to solve this problem. In this paper, VPP including distributed power supply (photovoltaic, wind power and gas turbine) and energy storage system (energy storage battery) is taken as the research object. Based on the uncertain factors such as season-of-use price, light intensity and wind speed, the VPP bidding strategy and operation scheduling strategy in the medium and long term contract market are studied, and the risk value model is applied to risk management. The example testing results show that, when quoting, the maximum loss caused by electricity price is generally within 5%, which is an acceptable risk; in operation, the gas turbine plays a major role in balancing the output deviation, and the VPP operation scheduling strategy has certain economic benefits. (paper)

Availability note (English)

Available from http://dx.doi.org/10.1088/1755-1315/354/1/012095

Additional details

Publishing Information

Journal Title
IOP Conference Series: Earth and Environmental Science (Online)
Journal Volume
354
Journal Issue
1
Journal Page Range
[17 p.]
ISSN
1755-1315

Conference

Title
International Conference on New Energy and Future Energy System
Dates
21-24 Jul 2019
Place
Macao (China)

INIS