Market-based Operation Method for Virtual Power Plant Considering Active Recovery of Remaining Available Flexibility

Virtual power plant (VPP) play a crucial role in the market-based operation of power systems, contributing to enhanced electricity supply security and the local consumption of renewable energy. To improve the economic performance of VPPs in market operations, this paper proposes a market-based operation method for VPP that considers the active recovery of remaining available regulation capacity. First, an equivalent energy storage regulation model for VPP is developed, accounting for the regulation and rebound characteristics of VPP and incorporating the active recovery of remaining available regulation capacity. Next, based on this equivalent energy storage regulation model, a joint optimization model for the VPP in the electricity spot market, peak-shaving, and frequency regulation markets are established. Finally, case studies demonstrate the effectiveness of the proposed method in reducing VPP operating costs in market environments.

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Publication Details

Published
2025-04-15
DOI
https://doi.org/10.1109/acpee64358.2025.11041641
Primary Topic
Power Systems and Renewable Energy
Type
article
Field-Weighted Citation Impact
0.00

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Market-based Operation Method for Virtual Power Plant Considering Active Recovery of Remaining Available Flexibility

Xin Wang, C. Xu, Xun Dou, Zhenlan Dou et al.
Power Systems and Renewable Energy
article

Market-based Operation Method for Virtual Power Plant Considering Active Recovery of Remaining Available Flexibility

Xin Wang, C. Xu, Xun Dou, Zhenlan Dou, Jun Wang, Wei Du
article en

Abstract

Virtual power plant (VPP) play a crucial role in the market-based operation of power systems, contributing to enhanced electricity supply security and the local consumption of renewable energy. To improve the economic performance of VPPs in market operations, this paper proposes a market-based operation method for VPP that considers the active recovery of remaining available regulation capacity. First, an equivalent energy storage regulation model for VPP is developed, accounting for the regulation and rebound characteristics of VPP and incorporating the active recovery of remaining available regulation capacity. Next, based on this equivalent energy storage regulation model, a joint optimization model for the VPP in the electricity spot market, peak-shaving, and frequency regulation markets are established. Finally, case studies demonstrate the effectiveness of the proposed method in reducing VPP operating costs in market environments.

Nanjing Tech University (CN), State Grid Corporation of China (China) (CN), NARI Group (China) (CN)
Science and Technology Project of State Grid
Affordable and clean energy
Openalex Percentile: Top 86%
Power Systems and Renewable Energy
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