Search Results (147)

This paper presents an optimization method for scheduling a multi-energy VPP (Virtual Power Plant) supply–demand balance in the power market environment of Jiangxi Province. The primary objective of this method is to improve the operational efficiency of the power grid, reduce energy costs, and facilitate economical and efficient energy distribution in the power market. The method takes into account the characteristics and uncertainties of renewable energy sources such as solar and wind energy, and incorporates advanced multi-objective optimization algorithms. Furthermore, it integrates real-time market price feedback to achieve the accurate allocation of power supply and demand. Through a case study of a multi-energy VPP in Jiangxi Province, this paper examines the optimal combination model for various energy sources within VPP, and analyzes the impact of different market environments on supply–demand balance. The results demonstrate that the proposed scheduling optimization method significantly improves economic benefits while ensuring grid stability. Compared with traditional power supply models, it reduces average electricity costs by 15% and increases renewable energy utilization efficiency by 20%. Full article

The utilization of conventional energy sources commonly leads to heightened energy consumption and the generation of specific forms of environmental pollution. As an innovative power management and dispatch system, virtual power plants (VPPs) have the potential to significantly enhance the flexibility and stability of power systems, while supporting carbon reduction targets by integrating distributed energy resources (DERs), energy management systems (EMSs), and energy storage systems (ESSs), which have attracted much attention in the power industry in recent years. Consequently, it can effectively address the variability and management challenges introduced by renewable energy. Furthermore, optimizing power market dispatch and user-side power management plays a pivotal role in promoting the transition of the energy industry towards sustainable development. The current study highlights the unresolved issue of strategic decision-making among market participants, such as energy companies, generation companies, and power distribution companies, despite the potentially significant benefits of VPPs. These entities must carefully evaluate the costs and benefits associated with adopting a VPP. Additionally, governments face the complex task of assessing the feasibility and effectiveness of providing subsidies to incentivize VPP adoption. Previous research has not adequately explored the long-term evolution of these decisions in a dynamic market environment, leading to a lack of adequate understanding of optimal strategies for market participants and regulators. This paper addresses this critical research gap by introducing an innovative bilateral evolutionary game model that integrates VPP and carbon trading markets. By utilizing the model, simulation experiments are carried out to compare different strategic decisions and analyze the stability and long-term evolution of these strategies. Research findings indicate that the adoption of VPP technology by market participants, in conjunction with government policies, results in an average 90% increase in market participants’ earnings, while government revenues see a 35% rise. This approach provides an alternative method for understanding the dynamic interactions between market participants and government policy, offering both theoretical and practical insights. The findings significantly contribute to the literature by proposing a robust framework for integrating VPPs into electricity markets, while offering valuable guidance to policymakers and market participants in developing effective strategies to support the sustainable energy transition. The application of this model has not only enhanced the understanding of market dynamics in theory, but also provided quantitative support for strategic decisions under different market conditions in practice. Full article

The modern energy landscape is undergoing a significant transformation towards cleaner, decentralized energy sources. This change is driven by environmental and sustainability needs, causing traditional centralized electric grids, which rely heavily on fossil fuels, to be replaced by a diverse range of decentralized distributed energy resources. Virtual power plants (VPPs) have surfaced as a flexible solution in this transition. A VPP’s primary role is to optimize energy production, storage, and distribution by coordinating output from various connected sources. Relying on advanced communication and control systems, a VPP can balance supply and demand in real time, offer ancillary services, and support grid stability. However, aligning VPPs’ economic and operational practices with broader environmental goals and policies is a challenging yet crucial aspect. This article introduces a new VPP management and optimization algorithm designed for quick and intelligent decision-making, aiming for the lowest levelized cost of energy (LCOE), minimum grid technical losses, and greenhouse gas (GHG) emissions. The algorithm’s effectiveness is confirmed using the IEEE 33-bus grid with 10 different distributed power generators. Simulation results show the algorithm’s responsiveness to complex variables found in practical scenarios, finding the optimal combination of available energy resources. This minimizes the LCOE, technical losses, and GHG emissions in less than 0.08 s, achieving a total LCOE reduction of 16% from the baseline. This work contributes to the development of intelligent energy management systems, aiding the transition towards a more resilient and sustainable energy infrastructure. Full article

In a highly competitive electricity spot market, virtual power plants (VPPs) that aggregate dispersed resources face various uncertainties during market transactions. These uncertainties directly impact the economic benefits of VPPs. To address the uncertainties in the economic optimization of VPPs, scenario analysis is employed to transform the uncertainties of wind turbines (WTs), photovoltaic (PV) system outputs, and electricity prices into deterministic problems. The objective is to maximize the VPP’s profits in day-ahead and intra-day markets (real-time balancing market) by constructing an economic optimization decision model based on two-stage stochastic programming. Gas turbines and electric vehicles (EVs) are scheduled and traded in the day-ahead market, while flexible energy storage systems (ESS) are deployed in the real-time balancing market. Based on simulation analysis, under the uncertainty of WTs and PV system outputs, as well as electricity prices, the proposed model demonstrates that orderly charging of EVs in the day-ahead stage can increase the revenue of the VPP by 6.1%. Additionally, since the ESS can adjust the deviations in day-ahead bid output during the intra-day stage, the day-ahead bidding strategy becomes more proactive, resulting in an additional 3.1% increase in the VPP revenue. Overall, this model can enhance the total revenue of the VPP by 9.2%. Full article

To optimize energy structure and efficiently utilize renewable energy sources, it is necessary to establish a new electrical power–gas mutual transformation virtual power plant that has low-carbon benefits. To promote the economic and low-carbon operation of a virtual power plant and reduce uncertainty regarding the use of new energy, a multi-timescale (day-ahead to intraday) optimal scheduling model is proposed. First, a basic model of a new interconnected power–gas virtual power plant (power-to-gas demand response virtual power plant, PD-VPP) was established with P2G and comprehensive demand response as the main body. Second, in response to the high volatility of new energy, a day-ahead to intraday multi-timescale collaborative operation optimization model is proposed. In the day-ahead optimization period, the next day’s internal electricity price is formulated, and the price-based demand response load is regulated in advance so as to ensure profit maximization for the virtual power plant. Based on the results of day-ahead modeling, intraday optimization was performed on the output of each distributed unit, considering the cost of the carbon emission reductions to achieve low-carbon economic dispatch with minimal operating costs. Finally, several operation scenarios are established for a simulation case analysis. The validity of the proposed model was verified via comparison. Full article

In recent years, the energy industry has increased the proportion of renewable energy sources, which are sustainable and carbon-free. However, the increase in renewable energy sources has led to grid instability due to factors such as the intermittent power generation of renewable sources, forecasting inaccuracies, and the lack of metering for small-scale power sources. Various studies have been carried out to address these issues. Among these, research on Virtual Power Plants (VPP) has focused on integrating unmanaged renewable energy sources into a unified system to improve their visibility. This research is now being applied in the energy trading market. However, the purpose of VPP aggregators has been to maximize profits. As a result, they have not considered the impact on distribution networks and have bid all available distributed resources into the energy market. While this approach has increased the visibility of renewables, an additional method is needed to deal with the grid instability caused by the increase in renewables. Consequently, grid operators have tried to address these issues by diversifying the energy market. As regulatory method, they have introduced real-time energy markets, imbalance penalty fees, and limitations on the output of distributed energy resources (DERs), in addition to the existing day-ahead market. In response, this paper proposes an optimal scheduling method for VPP aggregators that adapts to the diversifying energy market and enhances the operational benefits of VPPs by using two Mixed-Integer Linear Programming (MILP) models. The validity of the proposed model and algorithm is verified through a case study analysis. Full article

This paper reviews the use of game theory tools to study the operation and design of modern power grids. The contribution of this work is to summarize the literature to highlight the versatile solution capability of game theory by focusing on the interconnected objectives of energy trading and energy management. This review was conducted with a focus on various applications in energy systems, including general energy markets, micro grids (MGs), virtual power plants (VPP), electric vehicles (EVs), and smart homes, and explores how game theory can summarize the solutions for pricing, bidding, demand side management, and resource optimization. A key finding is the suitability of game theory for modeling decentralized energy systems where strategic incentives can lead to outcomes that benefit both individuals and society. It also discusses the limitations, challenges, and potential benefits of game theory in complex power systems. This study provides researchers and policy makers with a comprehensive overview of current research and insights into the potential of game theory to shape the future of energy systems. Full article

Virtual power plants (VPPs) integrate diverse energy resources using advanced communication technologies and intelligent control strategies. This integration enhances the utilization and efficiency of distributed generation. This paper explores the incorporation of VPPs into load frequency control (LFC) systems. It includes an analysis of VPP-aggregated resources’ frequency regulation characteristics and a VPP-inclusive LFC model. Additionally, a decentralized automatic generation control strategy is proposed to distribute power outputs effectively, enabling swift grid frequency adjustments. This study uses MATLAB simulations to demonstrate the benefits and efficacy of VPPs in LFC, underscoring their role in advancing grid management and stability. Full article

Virtual power plants (VPPs) aggregate a large number of distributed energy resources (DERs) through IoT technology to provide flexibility to the grid. It is an effective means to promote the utilization of renewable energy, and enable carbon neutrality for future power systems. This paper addresses the evaluation issue of DERs‘ low-carbon benefits, proposes a flexibility assessment model for self-organized VPP to quantify the low-carbon value of DERs’ response behavior in different time periods. Firstly, we introduce the definition of zero-carbon index based on the curve simultaneous rate of renewable energy and load demand. Then, we establish a multi-level self-organized aggregation method for virtual power plants, define the basic rules of DER, and characterize its self-organized aggregation as a Markov game process. Moreover, we use QMIX to achieve a bottom-up, hierarchical construction of VPP from simple to complex. Experimental results show that when users track the zero-carbon curve, they can achieve zero carbon emissions without reducing the overall load, significantly enhancing the grid’s regulation capabilities and the consumption of renewable energy. Additionally, self-organized algorithms can optimize the combinations of DERs to improve the coordination efficiency of VPPs in complex environments. Full article

As the scale of units within virtual power plants (VPPs) continues to expand, establishing an effective operational game model for these internal units has become a pressing issue for enhancing management and operations. This paper integrates photovoltaic generation, wind power, energy storage, and constant-temperature responsive loads, and it also considers micro gas turbines as auxiliary units, collectively forming a typical VPP case study. An operational optimization model was developed for the VPP control center and the micro gas turbines, and the game relationship between them was analyzed. A Stackelberg game model between the VPP control center and the micro gas turbines was proposed. Lastly, an improved D3QN (Dueling Double Deep Q-network) algorithm was employed to compute the VPP’s optimal operational strategy based on Stackelberg game theory. The results demonstrate that the proposed model can balance the energy complementarity between the VPP control center and the micro gas turbines, thereby enhancing the overall economic efficiency of operations. Full article

In adapting to the double-high development trend of high-voltage direct current (HVDC) receiving-end power systems and solving optimization problems in emergency frequency control (EFC) supporting virtual power plants (VPPs) in large-scale power systems, a parameter estimation method for a VPP frequency response model based on a successive linear programming (SLP) method is proposed. First, a “centralized/decentralized” hierarchical control architecture for VPP participation in EFC is designed. Second, the frequency response characteristics of multiple flexible resources are scientifically analyzed, and the system frequency response (SFR) model and equivalent model of VPP are constructed. Subsequently, parameter estimation of the VPP frequency response model is carried out based on the SLP method, aiming to balance the accuracy and computational efficiency of the model. Finally, the effectiveness of the proposed methodology is verified by using PSD-BPA to simulate and test the three-zone HVDC recipient area grid. Full article

The integration of renewable energy sources necessitates effective thermal management of Battery Energy Storage Systems (BESS) to maintain grid stability. This study aims to address this need by examining various thermal management approaches for BESS, specifically within the context of Virtual Power Plants (VPP). It evaluates the effectiveness, safety features, reliability, cost-efficiency, and appropriateness of these systems for VPP applications. Among the various hybrid cooling options, two notably promising combinations are highlighted. First, the integration of heat pipes with phase change materials, which effectively conduct heat away from sources with minimal temperature differences, enabling swift heat transfer. Second, the combination of heat pipes with liquid passive cooling, which utilizes the efficient heat transfer properties of heat pipes and the steady cooling offered by liquid systems. This study offers recommendations for choosing the best thermal management system based on climate conditions and geographic location, thereby enhancing BESS performance and sustainability within VPPs. Full article

This paper develops a distributed cooperative optimization model for multiple virtual power plant (VPP) operations based on multi-stage robust optimization and proposes a distributed solution methodology based on the combination of the alternating direction method of multipliers (ADMMs) and column-and-constraint generation (CCG) algorithm to solve the corresponding optimization problem. Firstly, considering the peer-to-peer (P2P) electricity transactions among multiple VPPs, a deterministic cooperative optimal operation model of multiple VPPs based on Nash bargaining is constructed. Secondly, considering the uncertainties of photovoltaic generation and load demand, as well as the non-anticipativity of real-time scheduling of VPPs in engineering, a cooperative optimal operation model of multiple VPPs based on multi-stage robust optimization is then constructed. Thirdly, the constructed model is solved using a distributed solution methodology based on the combination of the ADMM and CCG algorithms. Finally, a case study is solved. The case study results show that the proposed method can realize the optimal scheduling of renewable energy in a more extensive range, which contributes to the promotion of the local consumption of renewable energy and the improvement of the renewable energy utilization efficiency of VPPs. Compared with the traditional deterministic cooperative optimal operation method of multiple VPPs, the proposed method is more resistant to the risk of the uncertainties of renewable energy and load demand and conforms to the non-anticipativity of real-time scheduling of VPPs in engineering. In summary, the presented works strike a balance between the operational robustness and operational economy of VPPs. In addition, under the presented works, there is no need for each VPP to divulge personal private data such as photovoltaic generation and load demand to other VPPs, so the security privacy protection of each VPP can be achieved. Full article

The arrival of virtual power plants (VPPs) marks important progress in the energy sector, providing optimistic solutions to the increasing need for energy flexibility, resilience, and improved energy systems’ integration. VPPs harness several characteristics to bring together distributed energy resources (DERs), resulting in economic gains and improved power grid reliability. Nevertheless, VPPs encounter major challenges when it comes to engaging in energy markets, mainly because there is no all-encompassing policy and regulatory framework specifically designed to accommodate their unique characteristics. This underscores the necessity for research endeavours to develop more advanced methods and structures for the long-term viability of VPPs. To address this concern, the study advocates for the implementation of a multi-aspect framework (MAF) as a systematic approach to thoroughly examine each aspect of virtual power plants (VPPs). A STEEP (social, technological, environmental, economic, and political) analytical tool is utilized to evaluate the challenges, opportunities, and benefits of a VPP in the existing energy markets. The proposed approach highlights important factors and actions that need to be taken to tackle the challenges related to VPP’ entry into energy markets. This study suggests that further support is required to promote the fast and widespread adoption of long-term VPP implementations. For this reason, a more favourable policy and regulatory framework based on social, technological, economic, environmental, and policy considerations is necessary to realize the genuine contributions of VPPs. Full article

An efficient and reliable management system for a cluster of distributed energy resources (DERs) is essential for the sustainable and cost-effective peak management (PM) operation of the power grid. The virtual power plant (VPP) provides an efficient way to manage a variety of DERs for the PM process. This paper proposes a VPP framework for PM of local distribution companies by optimizing the self-scheduling of available resources, considering uncertainties and constraints. The study examines two separate scenarios and introduces novel algorithms for determining threshold values in each scenario. An approach is suggested for the transaction between VPP and the aggregator models. The proposed technique intends to determine the optimal amount of capacity that aggregators can allocate for the day-ahead PM procedure while accounting for both thermostatically controlled and non-thermostatically controlled loads. The proposed VPP framework shows promising results for reducing demand charges and optimizing energy resources for PM. Full article