Optimal Control and Bidding Strategy of Virtual Power Plant with Renewable Generation - World Journal of Engineering and Technology

WJET > Vol.4 No.3, October 2016

Optimal Control and Bidding Strategy of Virtual Power Plant with Renewable Generation ()

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Download as PDF (Size: 327KB) PP. 27-34

DOI: 10.4236/wjet.2016.43D004 1,697 Downloads 3,690 Views Citations

Author(s)

Yuchang Kang, Kwoklun Lo

Affiliation(s)

University of Strathclyde, Glasgow, UK.

ABSTRACT

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.

KEYWORDS

Virtual Power Plant, Electricity Market, Distributed Energy Resources

Share and Cite:

Kang, Y. and Lo, K. (2016) Optimal Control and Bidding Strategy of Virtual Power Plant with Renewable Generation. World Journal of Engineering and Technology, 4, 27-34. doi: 10.4236/wjet.2016.43D004.

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