Bidding Strategy of Virtual Power Plant for Participating in Energy and Spinning Reserve Markets-Part I: Problem Formulation

This paper addresses the bidding problem faced by a virtual power plant (VPP) in a joint market of energy and spinning reserve service. The proposed bidding strategy is a non-equilibrium model based on the deterministic price-based unit commitment (PBUC) which takes the supply-demand balancing const...

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Veröffentlicht in:IEEE transactions on power systems Jg. 26; H. 2; S. 949 - 956
Hauptverfasser: Mashhour, E, Moghaddas-Tafreshi, S M
Format: Journal Article
Sprache:Englisch
Veröffentlicht: New York IEEE 01.05.2011
The Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Schlagworte:
Bidding strategy
Computational modeling
Density estimation robust algorithm
Electricity
energy market
Europe
Portfolios
Power generation
Spinning
spinning reserve market
virtual power plant
ISSN:0885-8950, 1558-0679
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Beschreibung
Zusammenfassung:This paper addresses the bidding problem faced by a virtual power plant (VPP) in a joint market of energy and spinning reserve service. The proposed bidding strategy is a non-equilibrium model based on the deterministic price-based unit commitment (PBUC) which takes the supply-demand balancing constraint and security constraints of VPP itself into account. The presented model creates a single operating profile from a composite of the parameters characterizing each distributed energy resources (DER), which is a component of VPP, and incorporates network constraints into its description of the capabilities of the portfolio. The presented model is a nonlinear mixed-integer programming with inter-temporal constraints and solved by genetic algorithm (GA).
Bibliographie:ObjectType-Article-1
SourceType-Scholarly Journals-1
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content type line 14
ISSN:0885-8950
1558-0679
DOI:10.1109/TPWRS.2010.2070884