Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023)

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Two-Layer Optimization Model for Virtual Power Plants Participating in Node-Based Spot Market

Authors
Zheng Zhao1, *, Shijun Tian1, Chenghui Tang1
1State Grid Energy Research Institute Co., Ltd, Beijing, 102209, China
*Corresponding author. Email: zhaozheng@sgeri.sgcc.com.cn
Corresponding Author
Zheng Zhao
Available Online 9 October 2023.
DOI
10.2991/978-94-6463-256-9_139How to use a DOI?
Keywords
virtual power plants; spot market
Abstract

Virtual power plants (VPP) can aggregate decentralized resources that are small in scale and lack the ability to optimize management, and follow the market price to enhance the flexible regulating ability of the system. At present, there are few cases of virtual power plants participating in the market in China, and the relevant rules are still in the process of improvement. After the large-scale development of virtual power plants, they face the situation where the same power plant resources are distributed at different nodes and exhibit different operating characteristics. In this study, a two-layer coordination optimization model for multi-types of VPPs to participate in the node-based spot market is proposed, and simulation cases verified the effectiveness of the method, which is able to improve the interaction ability between virtual power plants and the power grid, and optimize market operating costs and efficiency.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
9 October 2023
ISBN
10.2991/978-94-6463-256-9_139
ISSN
2352-5428
DOI
10.2991/978-94-6463-256-9_139How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Zheng Zhao
AU  - Shijun Tian
AU  - Chenghui Tang
PY  - 2023
DA  - 2023/10/09
TI  - Two-Layer Optimization Model for Virtual Power Plants Participating in Node-Based Spot Market
BT  - Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023)
PB  - Atlantis Press
SP  - 1379
EP  - 1388
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-256-9_139
DO  - 10.2991/978-94-6463-256-9_139
ID  - Zhao2023
ER  -