2022
DOI: 10.1109/tsg.2022.3153635
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Optimal Virtual Power Plant Operational Regime Under Reserve Uncertainty

Abstract: Virtual power plant (VPP) has become an important resource for reserve provision owing to its fast-responding capability. In this paper, an optimal VPP operational regime considering reserve uncertainty is proposed, which includes a novel day-ahead offering strategy and a real-time dispatching model. At the day-ahead stage, the offering strategy gives the VPP's price-dependent offers in the energy market under multiple uncertainties on market price, renewable generation, and calls of reserve deployment. A hybr… Show more

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Cited by 25 publications
(6 citation statements)
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“…A VPP is usually used as a power plant to satisfy the power system operation or to take part in the market of auxiliary services [29,30] . The auxiliary services of the power system include frequency regulation services [31,32] , energy reserve services [33,34] , and voltage management services [35] . VPP can effectively manage large-scale DERs, such as flexible loads.…”
Section: Value Property Of Vppsmentioning
confidence: 99%
See 1 more Smart Citation
“…A VPP is usually used as a power plant to satisfy the power system operation or to take part in the market of auxiliary services [29,30] . The auxiliary services of the power system include frequency regulation services [31,32] , energy reserve services [33,34] , and voltage management services [35] . VPP can effectively manage large-scale DERs, such as flexible loads.…”
Section: Value Property Of Vppsmentioning
confidence: 99%
“…Ref. [33] developed a risk-aware stochastic adaptive robust optimization model for VPP trading under the day-ahead energy-reserve market. The Bendersdecomposition-based iterative algorithm is used to solve the optimization model.…”
Section: Coordinated and Optimized Operationmentioning
confidence: 99%
“…In the objective function, the total load variation across the rolling horizon is minimized. The EV charging power is limited by (2). The average load is calculated by (3).…”
Section: Centralized Problem Formulationmentioning
confidence: 99%
“…The solution methodology for day-ahead minimax regret problems can be referred to [42] [43]. As a mixed-integer quadratic programming problem, the real-time balancing problem can be readily solved by commercial solvers such as GUROBI [44].…”
Section: Cooperative Vpp-css Real-time Balancingmentioning
confidence: 99%