Abstract:Renewable energy sources (RES) can provide valuable flexibility potential for multiple markets and grid services in the future. In this paper, the focus lies on the development of algorithms for an optimal dispatch and bidding of a RES-based virtual power plant (VPP) by considering current short-term and balancing market conditions in Austria, as well as a proposed redispatch market. Specifically, different pricing and bidding strategies for a redispatch market are compared and their feasibility is analyzed. T… Show more
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