The Optimal Configuration Scheme of the Virtual Power Plant Considering Benefits and Risks of Investors

A virtual power plant (VPP) is a special virtual unit that integrates various distributed energy resources (DERs) distributed in the generation and consumption sides. The optimal configuration scheme of the VPP needs to break the geographical restrictions to make full use of DERs, considering the un...

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Bibliographic Details
Published in:Energies (Basel) 2017-07, Vol.10 (7), p.968
Main Authors: Wang, Jingmin, Yang, Wenhai, Cheng, Huaxin, Huang, Lingyu, Gao, Yajing
Format: Article
Language:English
Subjects:
Algorithms
Alternative energy sources
Computer simulation
Configurations
Consumption
distributed energy resources
Electric power
Electric power distribution
Electric power grids
Electricity
Electricity distribution
Emissions control
Energy conservation
Energy policy
Energy resources
genetic algorithm
Industrial plant emissions
Integer programming
Linear programming
Load
Mathematical programming
optimal configuration
Optimization
portfolio theory
Power plants
Power supply
Renewable resources
Scheduling
Smoothing
Sustainable development
virtual power plant
Virtual power plants
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Summary:A virtual power plant (VPP) is a special virtual unit that integrates various distributed energy resources (DERs) distributed in the generation and consumption sides. The optimal configuration scheme of the VPP needs to break the geographical restrictions to make full use of DERs, considering the uncertainties. First, the components of the DERs and the structure of the VPP are briefly introduced. Next, the cubic exponential smoothing method is adopted to predict the VPP load requirement. Finally, the optimal configuration of the DER capacities inside the VPP is calculated by using portfolio theory and genetic algorithms (GA). The results show that the configuration scheme can optimize the DER capacities considering uncertainties, guaranteeing economic benefits of investors, and fully utilizing the DERs. Therefore, this paper provides a feasible reference for the optimal configuration scheme of the VPP from the perspective of investors.
ISSN:1996-1073
1996-1073
DOI:10.3390/en10070968