Virtual power plant models and electricity markets - A review

In recent years, the integration of distributed generation in power systems has been accompanied by new facility operations strategies. Thus, it has become increasingly important to enhance management capabilities regarding the aggregation of distributed electricity production and demand through different types of virtual power plants (VPPs). It is also important to exploit their ability to participate in electricity markets to maximize operating profits. This review article focuses on the classification and in-depth analysis of recent studies that propose VPP models including interactions with different types of energy markets. This classification is formulated according to the most important aspects to be considered for these VPPs. These include the formulation of the model, techniques for solving mathematical problems, participation in different types of markets, and the applicability of the proposed models to real case studies. From the analysis of the studies, it is concluded that the most recent models tend to be more complete and realistic in addition to featuring greater diversity in the types of electricity markets in which VPPs participate. The aim of this review is to identify the most profitable VPP scheme to be applied in each regulatory environment. It also highlights the challenges remaining in this field of study

Optimal Home Energy Management System for Committed Power Exchange Considering Renewable Generations

This thesis addresses the complexity of SH operation and local renewable resources optimum sizing. The effect of different criteria and components of SH on the size of renewable resources and cost of electricity is investigated. Operation of SH with the optimum size of renewable resources is evaluated to study SH annual cost. The effectiveness of SH with committed exchange power functionality is studied for minimizing cost while responding to DR programs

An integrated approach for distributed energy resource short term scheduling in smart grids considering realistic power system simulation

The large increase of distributed energy resources, including distributed generation, storage systems and demand response, especially in distribution networks, makes the management of the available resources a more complex and crucial process. With wind based generation gaining relevance, in terms of the generation mix, the fact that wind forecasting accuracy rapidly drops with the increase of the forecast anticipation time requires to undertake short-term and very short-term re-scheduling so the final implemented solution enables the lowest possible operation costs. This paper proposes a methodology for energy resource scheduling in smart grids, considering day ahead, hour ahead and five minutes ahead scheduling. The short-term scheduling, undertaken five minutes ahead, takes advantage of the high accuracy of the very-short term wind forecasting providing the user with more efficient scheduling solutions. The proposed method uses a Genetic Algorithm based approach for optimization that is able to cope with the hard execution time constraint of short-term scheduling. Realistic power system simulation, based on PSCAD , is used to validate the obtained solutions. The paper includes a case study with a 33 bus distribution network with high penetration of distributed energy resources implemented in PSCAD

Optimal operation of hybrid AC/DC microgrids under uncertainty of renewable energy resources : A comprehensive review

The hybrid AC/DC microgrids have become considerably popular as they are reliable, accessible and robust. They are utilized for solving environmental, economic, operational and power-related political issues. Having this increased necessity taken into consideration, this paper performs a comprehensive review of the fundamentals of hybrid AC/DC microgrids and describes their components. Mathematical models and valid comparisons among different renewable energy sources’ generations are discussed. Subsequently, various operational zones, control and optimization methods, power flow calculations in the presence of uncertainties related to renewable energy resources are reviewed.fi=vertaisarvioitu|en=peerReviewed

A binary symmetric based hybrid meta-heuristic method for solving mixed integer unit commitment problem integrating with significant plug-in electric vehicles

Conventional unit commitment is a mixed integer optimization problem and has long been a key issue for power system operators. The complexity of this problem has increased in recent years given the emergence of new participants such as large penetration of plug-in electric vehicles. In this paper, a new model is established for simultaneously considering the day-ahead hourly based power system scheduling and a significant number of plug-in electric vehicles charging and discharging behaviours. For solving the problem, a novel hybrid mixed coding meta-heuristic algorithm is proposed, where V-shape symmetric transfer functions based binary particle swarm optimization are employed. The impact of transfer functions utilised in binary optimization on solving unit commitment and plug-in electric vehicle integration are investigated in a 10 unit power system with 50,000 plug-in electric vehicles. In addition, two unidirectional modes including grid to vehicle and vehicle to grid, as well as a bi-directional mode combining plug-in electric vehicle charging and discharging are comparatively examined. The numerical results show that the novel symmetric transfer function based optimization algorithm demonstrates competitive performance in reducing the fossil fuel cost and increasing the scheduling flexibility of plug-in electric vehicles in three intelligent scheduling modes