Coordinated Optimization of Distributed Energy Resources in Virtual Power Plants Considering Electric Vehicle Penetration

This paper presents an optimization model for Virtual Power Plants (VPPs) that enhances the coordinated operation of distributed generation, energy storage, and flexible loads, aimed at achieving cost-effective and stable power system management. The model addresses the volatility inherent in renewable energy sources, particularly photovoltaic and wind power, through dynamic energy storage control and demand response strategies. The energy storage system strategically adjusts its charging and discharging based on electricity price fluctuations, contributing to peak shaving and arbitrage opportunities. Additionally, the load transfer mechanism effectively reduces demand fluctuations and peak loads, further stabilizing the grid. The proposed model incorporates various cost components, including market transactions, generator operations, and deviation penalties, to minimize overall operational costs. The findings demonstrate the significant potential of VPPs in facilitating efficient resource utilization, economic optimization, and grid stability, providing insights into the practical deployment of VPPs in future renewable-integrated power systems.

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Publication Details

Published
2024-11-29
DOI
https://doi.org/10.1109/ei264398.2024.10991854
Primary Topic
Electric Vehicles and Infrastructure
Type
article
Field-Weighted Citation Impact
0.00

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article

Coordinated Optimization of Distributed Energy Resources in Virtual Power Plants Considering Electric Vehicle Penetration

Bidan Zhang, Hongbo Wang, Xiaoping Li
Electric Vehicles and Infrastructure
article

Coordinated Optimization of Distributed Energy Resources in Virtual Power Plants Considering Electric Vehicle Penetration

Bidan Zhang, Hongbo Wang, Xiaoping Li
article en

Abstract

This paper presents an optimization model for Virtual Power Plants (VPPs) that enhances the coordinated operation of distributed generation, energy storage, and flexible loads, aimed at achieving cost-effective and stable power system management. The model addresses the volatility inherent in renewable energy sources, particularly photovoltaic and wind power, through dynamic energy storage control and demand response strategies. The energy storage system strategically adjusts its charging and discharging based on electricity price fluctuations, contributing to peak shaving and arbitrage opportunities. Additionally, the load transfer mechanism effectively reduces demand fluctuations and peak loads, further stabilizing the grid. The proposed model incorporates various cost components, including market transactions, generator operations, and deviation penalties, to minimize overall operational costs. The findings demonstrate the significant potential of VPPs in facilitating efficient resource utilization, economic optimization, and grid stability, providing insights into the practical deployment of VPPs in future renewable-integrated power systems.

State Grid Corporation of China (China) (CN), Peking University (CN)
State Grid Hubei Electric Power Co
Affordable and clean energy
Openalex Percentile: Top 72%
Electric Vehicles and Infrastructure
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