Bidding Strategy of Virtual Power Plant Participating in Electric Energy Market Considering Internal Resource Response Willingness

Considering that virtual power plant (VPP) participates in electricity market as price maker, the response enthusiasm of internal resources will affect the income of VPP. A bidding strategy for VPP to participate in electric energy market(EEM) considering the response willingness of internal resources is established. Firstly, based on the master-slave game, the pricing mechanism of VPP for internal resources is established, and the internal resources declare electricity to VPP with the goal of maximizing their own interests. Then, based on the guidance mechanism of VPP for internal resources, the quantity-price bidding method of VPP participating in EEM is designed. Finally, an example is given to prove the proposed method can effectively manage the internal resources of VPP and improve the revenue.

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Publication Details

Published
2025-04-11
DOI
https://doi.org/10.1109/icgeps65133.2025.11034498
Primary Topic
Power Systems and Renewable Energy
Type
article
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Bidding Strategy of Virtual Power Plant Participating in Electric Energy Market Considering Internal Resource Response Willingness

Wei Jia, Guoqiang Zha, Peng Fu, Chensong Dai et al.
Power Systems and Renewable Energy
article

Bidding Strategy of Virtual Power Plant Participating in Electric Energy Market Considering Internal Resource Response Willingness

Wei Jia, Guoqiang Zha, Peng Fu, Chensong Dai, Zhengfeng Wang
article en

Abstract

Considering that virtual power plant (VPP) participates in electricity market as price maker, the response enthusiasm of internal resources will affect the income of VPP. A bidding strategy for VPP to participate in electric energy market(EEM) considering the response willingness of internal resources is established. Firstly, based on the master-slave game, the pricing mechanism of VPP for internal resources is established, and the internal resources declare electricity to VPP with the goal of maximizing their own interests. Then, based on the guidance mechanism of VPP for internal resources, the quantity-price bidding method of VPP participating in EEM is designed. Finally, an example is given to prove the proposed method can effectively manage the internal resources of VPP and improve the revenue.

State Grid Corporation of China (China) (CN)
Openalex Percentile: Top 87%
Power Systems and Renewable Energy
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