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Información de la Tesis Doctoral

Optimal Operation and Bidding of Renewable-based VPP under Uncertainty in the Electricity Markets

Hadi Nemati

Dirigida por A. Ortega, P. Sánchez

Universidad Pontificia Comillas. Madrid (España)

04 de marzo de 2026

Resumen:

This thesis proposes a novel Virtual Power Plant (VPP) operation model, that is composed, exclusively, of Renewable Energy Sources (RES); including hydro, wind farm, solar Photo-Voltaic (PV), Concentrated Solar Power Plant (CSP) and biomass; and/or Flexible Demands (FDs). The main objective that is pursued in this thesis is to investigate how to optimally operate and configure a Renewable-based Virtual Power Plant (RVPP) for maximum profitability in the energy and Ancillary Service Market (ASM). To this aim, the RVPP optimization model includes features to account for the various characteristics of the RVPP itself, the electrical network to which it is connected, and the market mechanisms that can help the RVPP become economically efficient. Such characteristics include: (i) the RVPP components, such as generating units, demands, and RES-based storage units (pumped hydro, CSP); (ii) the electrical network in terms of, for example, power and reserve balances; (iii) the markets in which the RVPP may participate, such as energy markets and ASM; and (iv) the uncertainties that characterize several parameters of the model, such as stochastic energy sources (wind and solar), market prices, and demand pattern. Different business models for the RVPP have been identified in the form of the electric energy and power markets that can be suitable for its participation. Among all the market schemes currently implemented in Europe, the most relevant from the RVPP perspective are the Day-Ahead Market (DAM) and Intra-Day Market (IDM) (energy); and the Secondary Reserve Market (SRM) (power). With this in mind, the RVPP operator could select the appropriate objective functions within the proposed model presented so that the RVPP can follow the desired business model.


Resumen divulgativo:

Esta tesis propone una Planta Virtual compuesta exclusivamente por fuentes de energía renovable y demanda flexible. Desarrolla un modelo para su operación y participación viable en los mercados de energía y reservas, considerando las restricciones técnicas de las unidades, las reglas del mercado y las incertidumbres como el viento, la generación solar, los precios y la demanda.


Descriptores: Ingeniería y Tecnología Eléctricas, Tecnología Energética, Investigación Operativa, Economía Sectorial

Palabras clave: Virtual power plant, renewable energy sources, energy market, reserve market, uncertainty, robust optimization

Cita:
H. Nemati, "Optimal Operation and Bidding of Renewable-based VPP under Uncertainty in the Electricity Markets", Tesis Doctoral, Universidad Pontificia Comillas, Madrid, España, 2026.

    Líneas de investigación:
  • Modelos de mercado eléctrico para alta penetración de generación renovable
  • Modelos de gestión de riesgos
  • Modelos estratégicos de ofertas
    Grupos de investigación:
  • Instituto de Investigación Tecnológica (IIT)
  • Finanzas Cuantitativas
    ODS:
  • Objetivo 7: Energía asequible y no contaminante

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