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Conference paper information

Optimal bidding of renewable-based VPPs in energy and ancillary service markets

A. Ortega

3rd International Conference on Power Systems and Electrical Technology - PSET 2024, Tokyo (Japan). 05-08 August 2024


Summary:

The tutorial discusses the dynamic analysis and operation of virtual power plants (VPPs), that is, clusters of generators located at different locations of the grid and providing coordinated services. The tutorial is organized into three parts. The first part provides an overview of the structure, components and services that can be provided by VPPs. The second part focuses on the dynamic operation and control of the VPPs and introduces the novel concept of dynamic VPP. The third part discusses the operation of VPPs and their role in ancillary service electricity markets. The tutorial presents the contributions of two European projects, namely edgeFLEX (https://www.edgeflex-h2020.eu/) and POSYTYF (https://posytyf-h2020.eu/) both based on large consortia that blend industry experience and recent trends in academic research. All parts of the tutorial are enriched with several illustrative examples based on both benchmark and real-world systems.


Spanish layman's summary:

El tutorial aborda el análisis y operación dinámica de las VPPs, explorando su estructura, control dinámico y papel en los mercados de servicios auxiliares. Incluye aportes de los proyectos edgeFLEX y POSYTYF, con ejemplos reales.


English layman's summary:

The tutorial covers dynamic analysis and operation of VPPs, exploring their structure, dynamic control, and role in ancillary service markets. It includes insights from edgeFLEX and POSYTYF projects, with real-world examples.


Keywords: Virtual Power Plants, Dynamic Analysis, Electricity Markets, Secondary Frequency Control


Publication date: 05-Aug-2024.


Citation:
A. Ortega, "Optimal bidding of renewable-based VPPs in energy and ancillary service markets", presented at 3rd International Conference on Power Systems and Electrical Technology - PSET 2024, Tokyo, Japan, 05-08 August 2024

    Research topics:
  • Electricity market models with high RES generation penetration
    Research groups:
  • Instituto de Investigación Tecnológica (IIT)

IIT-24-119C

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