Optimal Dispatch Strategy of a Virtual Power Plant Containing Battery Switch Stations in a Unified Electricity Market

A virtual power plant takes advantage of interactive communication and energy management systems to optimize and coordinate the dispatch of distributed generation, interruptible loads, energy storage systems and battery switch stations, so as to integrate them as an entity to exchange energy with th...

Full description

Saved in:
Bibliographic Details
Published in:Energies (Basel) 2015-03, Vol.8 (3), p.2268-2289
Main Authors: Bai, Hao, Miao, Shihong, Ran, Xiaohong, Ye, Chang
Format: Article
Language:English
Subjects:
Algorithms
battery switch station
Costs
distributed generation
Electric batteries
Electric power generation
Electric power plants
Electric vehicles
Electricity
Electricity distribution
Energy management
Energy storage
energy storage system
Integer programming
interruptible load
Load
Market prices
Markets
Mathematical functions
Mathematical models
Power plants
Stations
Strategy
unified electricity market
virtual power plant
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:A virtual power plant takes advantage of interactive communication and energy management systems to optimize and coordinate the dispatch of distributed generation, interruptible loads, energy storage systems and battery switch stations, so as to integrate them as an entity to exchange energy with the power market. This paper studies the optimal dispatch strategy of a virtual power plant, based on a unified electricity market combining day-ahead trading with real-time trading. The operation models of interruptible loads, energy storage systems and battery switch stations are specifically described in the paper. The virtual power plant applies an optimal dispatch strategy to earn the maximal expected profit under some fluctuating parameters, including market price, retail price and load demand. The presented model is a nonlinear mixed-integer programming with inter-temporal constraints and is solved by the fruit fly algorithm.
ISSN:1996-1073
1996-1073
DOI:10.3390/en8032268