Optimal Bidding Strategy of a Virtual Power Plant in the Energy and Spinning Reserve Markets

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Sadeghi Gougheri Saleh; Jahangir Hamidreza; ALIAKBAR GOLKAR MASOUD

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Journal: IRANIAN ELECTRIC INDUSTRY JOURNAL OF QUALITY AND PRODUCTIVITY (IEIJQP) Year:2020 | Volume:9 | Issue:2 (19) Page(s): 60-69

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Information Journal Paper

Title

Optimal Bidding Strategy of a Virtual Power Plant in the Energy and Spinning Reserve Markets

Author(s)

Sadeghi Gougheri Saleh | Jahangir Hamidreza | ALIAKBAR GOLKAR MASOUD | Issue Writer Certificate

Keywords

Virtual power plant

Energy market

Spinning reserve market

EVs’smart charging

Abstract

In recent years, the penetration of distributed energy resources has been increased dramatically in the power system, however, according to their small capacity, we need to aggregate these resources in an incorporated unit and examine their participation in the energy and ancillary services market. This goal can be achieved using Virtual power plants (VPPs) concept. This paper describes the optimal bidding strategy of a VPP in the energy and Spinning reserve markets. In order to improve the performance of the VPP, dispatchable distributed generation (DGs) sources, wind turbines (WTs), thermal and electrical energy storages, combined heat and power (CHP) unit and electric vehicles (EVs) have been considered in the VPP structure. The optimization task has also been addressed in the form of a MILP problem with considering the network and unit constraints and smart EVs’ charging. Finally, to evaluate the effectiveness of the proposed method, simulations are performed on a 21-bus VPP. The simulation results show that the VPP profit will increase by 23% by participating in the Spinning reserve market.

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APA: Copy

Sadeghi Gougheri, Saleh, Jahangir, Hamidreza, & ALIAKBAR GOLKAR, MASOUD. (2020). Optimal Bidding Strategy of a Virtual Power Plant in the Energy and Spinning Reserve Markets. IRANIAN ELECTRIC INDUSTRY JOURNAL OF QUALITY AND PRODUCTIVITY (IEIJQP), 9(2 (19) ), 60-69. SID. https://sid.ir/paper/956600/en

Vancouver: Copy

Sadeghi Gougheri Saleh, Jahangir Hamidreza, ALIAKBAR GOLKAR MASOUD. Optimal Bidding Strategy of a Virtual Power Plant in the Energy and Spinning Reserve Markets. IRANIAN ELECTRIC INDUSTRY JOURNAL OF QUALITY AND PRODUCTIVITY (IEIJQP)[Internet]. 2020;9(2 (19) ):60-69. Available from: https://sid.ir/paper/956600/en

IEEE: Copy

Saleh Sadeghi Gougheri, Hamidreza Jahangir, and MASOUD ALIAKBAR GOLKAR, “Optimal Bidding Strategy of a Virtual Power Plant in the Energy and Spinning Reserve Markets,” IRANIAN ELECTRIC INDUSTRY JOURNAL OF QUALITY AND PRODUCTIVITY (IEIJQP), vol. 9, no. 2 (19) , pp. 60–69, 2020, [Online]. Available: https://sid.ir/paper/956600/en

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