Typical Model of Virtual Power Plant Participation in the Market and Relevant Suggestions

With the large-scale new energy access, the demand for balancing capabilities within power systems is expected to rise significantly. As a high-quality flexible regulation resource that aligns with the standards of the power grid, virtual power plants are emerging as a crucial component in the regulation and control of future power systems. In light of this, the article reviews typical models of virtual power plants participating in the market in Europe and China. It further summarizes the key challenges faced by these VPP in market transactions and proposes targeted solutions to address these issues.