Customized Critical Peak Rebate Pricing Mechanism for Virtual Power Plants

Chen, Wen; Qiu, Jing; Chai, Qingmian

doi:10.1109/tste.2021.3084211

Cited by 30 publications

(12 citation statements)

References 37 publications

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“…Since our focus is on the fully distributed controlled VPP, we analyze the scenario where there is one EMS and multiply DERs. The unit cost of electricity generated by each DER is a random number from [1,10]. In Figure 3, we observe the utility of EMS and DERs changing with the number of DERs increasing.…”

Section: Simulation Results and Analysismentioning

confidence: 99%

“…Meng et al in [9] presented an optimal price incentive strategy based on chance-constrained programming for virtual power plants participating in demand response in order to excavate the potential of participating in demand response and realize VPP global revenue maximization. In order to reflect VPPs' potential abilities in reducing peak load and supporting system frequency, Chen et al in [10] proposed a frequency control ancillary service and critical peak rebate strategy based on cumulative prospect theory for VPP.…”

Section: Icpeet-2022mentioning

confidence: 99%

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A two-tier game model based scheduling strategy for Virtual Power Plants

Zuo

Wang

Hou

2022

J. Phys.: Conf. Ser.

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Recently, there has been a lot of attention on how to enhance the management capabilities of distributed electricity production and demand aggregation by Virtual Power Plants (VPPs), which poses the challenge of leveraging their ability to participate in electricity markets to maximize operating profits. This paper analyzes the scheduling problem in fully distributed controlled VPP and proposes a two-level game model. In this model, the Stackelberg game is used to describe the interaction between Distributed Energy Resources (DER) and Energy Management System (EMS). On the other hand, the competition between DERs is formulated by the Cournot game. EMS sets its electric rate as single-leader, and DERs generate the optimal generation capacity accordingly as multi-follower. Then, we analyze and obtain the relationship between the demand and the resource supply to achieve market equilibrium on maximizing the utility of EMS and DERs. Simulation results show the analysis’s correctness and the proposed strategies’ performance improvement.

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Section: Simulation Results and Analysismentioning

confidence: 99%

Section: Icpeet-2022mentioning

confidence: 99%

A two-tier game model based scheduling strategy for Virtual Power Plants

Zuo

Wang

Hou

2022

J. Phys.: Conf. Ser.

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“…Different energy pricing schemes are used in power systems to encourage consumers to actively respond to energy price variations. Among them, Time-of-Use (TOU) [47], Critical Peak Pricing (CPP) [48], and dynamic pricing [49] are widely used. In the latter, some financial incentives are offered to consumers to persuade them to contribute to DRPs.…”

Section: Demand Flexibilitymentioning

confidence: 99%

Demand-Side Flexibility in Power Systems: A Survey of Residential, Industrial, Commercial, and Agricultural Sectors

Golmohamadi

2022

Sustainability

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In recent years, environmental concerns about climate change and global warming have encouraged countries to increase investment in renewable energies. As the penetration of renewable power goes up, the intermittency of the power system increases. To counterbalance the power fluctuations, demand-side flexibility is a workable solution. This paper reviews the flexibility potentials of demand sectors, including residential, industrial, commercial, and agricultural, to facilitate the integration of renewables into power systems. In the residential sector, home energy management systems and heat pumps exhibit great flexibility potential. The former can unlock the flexibility of household devices, e.g., wet appliances and lighting systems. The latter integrates the joint heat–power flexibility of heating systems into power grids. In the industrial sector, heavy industries, e.g., cement manufacturing plants, metal smelting, and oil refinery plants, are surveyed. It is discussed how energy-intensive plants can provide flexibility for energy systems. In the commercial sector, supermarket refrigerators, hotels/restaurants, and commercial parking lots of electric vehicles are pointed out. Large-scale parking lots of electric vehicles can be considered as great electrical storage not only to provide flexibility for the upstream network but also to supply the local commercial sector, e.g., shopping stores. In the agricultural sector, irrigation pumps, on-farm solar sites, and variable-frequency-drive water pumps are shown as flexible demands. The flexibility potentials of livestock farms are also surveyed.

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“…In this context, several contributions have investigated the end user’s behavior toward considering real-time market prices. 20 Furthermore, customer behavior toward the real-time retailer’s pricing scheme can be explored versus TOU, 21 CPP, 22 and RTP. 23 , 24 Zhu et al.…”

Section: Introductionmentioning

confidence: 99%