The Optimization of Supply–Demand Balance Dispatching and Economic Benefit Improvement in a Multi-Energy Virtual Power Plant within the Jiangxi Power Market

This paper presents an optimization method for scheduling a multi-energy VPP (Virtual Power Plant) supply–demand balance in the power market environment of Jiangxi Province. The primary objective of this method is to improve the operational efficiency of the power grid, reduce energy costs, and facilitate economical and efficient energy distribution in the power market. The method takes into account the characteristics and uncertainties of renewable energy sources such as solar and wind energy, and incorporates advanced multi-objective optimization algorithms. Furthermore, it integrates real-time market price feedback to achieve the accurate allocation of power supply and demand. Through a case study of a multi-energy VPP in Jiangxi Province, this paper examines the optimal combination model for various energy sources within VPP, and analyzes the impact of different market environments on supply–demand balance. The results demonstrate that the proposed scheduling optimization method significantly improves economic benefits while ensuring grid stability. Compared with traditional power supply models, it reduces average electricity costs by 15% and increases renewable energy utilization efficiency by 20%.

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Publication Details

Journal
Energies
Published
2024-09-20
DOI
https://doi.org/10.3390/en17184691
Citations
4
Primary Topic
Power Systems and Renewable Energy
Type
article
Field-Weighted Citation Impact
0.68
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article

The Optimization of Supply–Demand Balance Dispatching and Economic Benefit Improvement in a Multi-Energy Virtual Power Plant within the Jiangxi Power Market

Tang Xinfa, Wan Youwei, Jingjing Wang, Yonghua Wang
4 citations
Energies
Power Systems and Renewable Energy
0.68
article

The Optimization of Supply–Demand Balance Dispatching and Economic Benefit Improvement in a Multi-Energy Virtual Power Plant within the Jiangxi Power Market

Tang Xinfa, Wan Youwei, Jingjing Wang, Yonghua Wang
article en
4 citations

Abstract

This paper presents an optimization method for scheduling a multi-energy VPP (Virtual Power Plant) supply–demand balance in the power market environment of Jiangxi Province. The primary objective of this method is to improve the operational efficiency of the power grid, reduce energy costs, and facilitate economical and efficient energy distribution in the power market. The method takes into account the characteristics and uncertainties of renewable energy sources such as solar and wind energy, and incorporates advanced multi-objective optimization algorithms. Furthermore, it integrates real-time market price feedback to achieve the accurate allocation of power supply and demand. Through a case study of a multi-energy VPP in Jiangxi Province, this paper examines the optimal combination model for various energy sources within VPP, and analyzes the impact of different market environments on supply–demand balance. The results demonstrate that the proposed scheduling optimization method significantly improves economic benefits while ensuring grid stability. Compared with traditional power supply models, it reduces average electricity costs by 15% and increases renewable energy utilization efficiency by 20%.

EnergiesVol. 17(18)
State Grid Corporation of China (China) (CN), Jiangxi Science and Technology Normal University (CN)
Openalex Percentile: Top 26%
Power Systems and Renewable Energy
0.68
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