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Optimal participation of heterogeneous, RES-based virtual power plants in energy markets

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IIT-22-065R.pdf (512.9Kb)
Date
2022-05-01
Author
Enoch Oladimeji, Oluwaseun
Ortega Manjavacas, Álvaro
Sigrist, Lukas
Rouco Rodríguez, Luis
Sánchez Martín, Pedro
Lobato Miguélez, Enrique
Estado
info:eu-repo/semantics/publishedVersion
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Abstract
 
 
In this work, the optimal participation of heterogeneous, Renewable Energy Source (RES)-based Virtual Power Plant (VPP) in Day-Ahead Market (DAM) and Intra-Day Market (IDM) is studied. For this purpose, a detailed model of the RES-based VPP and of the market operation is needed. The VPP includes both dispatchable and non-dispatchable RESs and flexible demand assets. This paper presents an improved, linear solar thermal plant model to consider its non-linear efficiency curve. A novel demand model with two flexibility levels that are associated with the different market sessions is also proposed. The market operation allows for updates of energy offers and this is used by the VPP to submit DAM auctions and to participate subsequently in IDM to correct for deviations. Finally, the optimal participation of the VPP in energy markets is assessed under different weather conditions.
 
URI
https:doi.org10.3390en15093207
Optimal participation of heterogeneous, RES-based virtual power plants in energy markets
Tipo de Actividad
Artículos en revistas
ISSN
1996-1073
Materias/ categorías / ODS
Instituto de Investigación Tecnológica (IIT)
Palabras Clave

day-ahead market; flexible load; intra-day market; renewable energy sources; solar thermal plants; virtual power plant
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