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2023 | OriginalPaper | Chapter

Analysis of Bidding Strategies in Virtual Power Plant

Authors : Poushali Pal, A. K. Parvathy, K. R. Devabalaji, P. DeivaSundari, S. Joseph Antony, S. E. Ocheme

Published in: Energy and Exergy for Sustainable and Clean Environment, Volume 2

Publisher: Springer Nature Singapore

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Abstract

Penetration of renewable energy sources has become an important matter due to rapid diminishing of conventional sources. Environmental pollution is also one of the main reasons in many countries. Virtual power plant (VPP) is a new technology which can manage the uncertainties caused by the renewable sources in demand side. VPP will aggregate the capacities of distributed energy resources (DERs) to create a single operating profile. Each DER will get visibility and controllability in the electricity market with this technique. In this paper, virtual power plant concept is demonstrated and the bidding strategies of energy among VPP and grid are developed for four different scenarios. A model is considered for the analysis of the system which consists of two solar power generation units and one wind power generation unit with energy storage system (ESS).

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Metadata
Title
Analysis of Bidding Strategies in Virtual Power Plant
Authors
Poushali Pal
A. K. Parvathy
K. R. Devabalaji
P. DeivaSundari
S. Joseph Antony
S. E. Ocheme
Copyright Year
2023
Publisher
Springer Nature Singapore
Book
Energy and Exergy for Sustainable and Clean Environment, Volume 2

Print ISBN: 978-981-16-8273-5

Electronic ISBN: 978-981-16-8274-2

Copyright Year: 2023

DOI
https://doi.org/10.1007/978-981-16-8274-2_20