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| Content Provider | IET Digital Library |
|---|---|
| Author | Zhang, Gao Jiang, Chuanwen Wang, Xu Li, Bosong Zhu, Huagang |
| Abstract | Due to the gradual exhaustion of petroleum-based energy resources and severe concern for environmental protection, renewable energy (RE) resources and demand response (DR) techniques have been wide deployed in power network. However, the insufficient management as well as technology bottleneck becomes the major obstacle in their further development. Based on the uniform clearing of electricity market, a centralised dispatch model of virtual power plant (VPP) is introduced to improve the competitiveness of distributed energy resources in electricity market. To neutralise the side effect of RE penetration, a bidding strategy optimisation model considering DR and the uncertainty of RE for VPP is proposed and numerical analysis is conducted to prove its applicability. In addition, scenario analysis method is applied to deal with the influence of elastic demand and potential risk, which are associated with utility users’ consumption patterns and VPP's bidding preference, respectively. The application of distributed algorithm into multi-players’ strategy optimisation problem accelerated the convergence of bidding procedure, which verifies the applicability and effectiveness of the proposed models. Furthermore, numerical case studies demonstrate the distinctive superiority of VPP in the integration and management of RE and DR resources, which in turn contribute to its advantage position in electricity market. |
| Starting Page | 3268 |
| Ending Page | 3277 |
| Page Count | 10 |
| ISSN | 17518687 |
| Volume Number | 11 |
| e-ISSN | 17518695 |
| Issue Number | Issue 13, Sep (2017) |
| Alternate Webpage(s) | https://digital-library.theiet.org/content/journals/iet-gtd/11/13 |
| Alternate Webpage(s) | https://digital-library.theiet.org/content/journals/10.1049/iet-gtd.2016.1663 |
| Journal | IET Generation, Transmission & Distribution |
| Publisher Date | 2017-06-06 |
| Access Restriction | Open |
| Rights Holder | © The Institution of Engineering and Technology |
| Subject Keyword | Bidding Strategy Analysis Bidding Strategy Optimisation Model Demand Response Technique Demand Side Management Distributed Energy Resource Competitiveness Improvement Elastic Demand Electricity Market Uniform Clearing Environmental Protection Multiplayer Strategy Optimisation Problem Numerical Analysis Numerical Method Optimisation Optimisation Technique Petroleum-based Energy Resource Gradual Exhaustion Potential Risk Power Generation Economics Power Market Power Network Power Plant Power System Economics Power System Managemen Power System Operation Renewable Energy ReSource Renewable Energy Source Renewable Energy Uncertainty Scenario Analysis Method Tendering Utility User Consumption Pattern Virtual Power Plant VPP Centralised Dispatch Model |
| Content Type | Text |
| Resource Type | Article |
| Subject | Control and Systems Engineering Energy Engineering and Power Technology Electrical and Electronic Engineering |
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