Virtual Power Plants: Challenges, Opportunities, and Profitability Assessment in Current Energy Markets
Zahid Ullah,
Arshad Arshad,
Azam Nekahi
Abstract:The arrival of virtual power plants (VPPs) marks important progress in the energy sector, providing optimistic solutions to the increasing need for energy flexibility, resilience, and improved energy systems’ integration. VPPs harness several characteristics to bring together distributed energy resources (DERs), resulting in economic gains and improved power grid reliability. Nevertheless, VPPs encounter major challenges when it comes to engaging in energy markets, mainly because there is no all-encompassing p… Show more
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