Scheduling and Operation of Virtual Power Plants: Technical Challenges and Electricity Markets provides a multidisciplinary perspective on recent advances in VPPs, ranging from required infrastructures and planning to operation and control. The work details the required components in a virtual power plant, including smartness of power system, instrument and information and communication technologies (ICTs), measurement units, and distributed energy sources. Contributors assess the proposed benefits of virtual power plant in solving problems of distributed energy sources in integrating the small, distributed and intermittent output of these units. In addition, they investigate the likely technical challenges regarding control and interaction with other entities. Finally, the work considers the role of VPPs in electricity markets, showing how distributed energy resources and demand response providers can integrate their resources through virtual power plant concepts to effectively participate in electricity markets to solve the issues of small capacity and intermittency. The work is suitable for experienced engineers, researchers, managers and policymakers interested in using VPPs in future smart grids. - Explores key enabling technologies and infrastructures for virtual power plants in future smart energy systems - Reviews technical challenges and introduces solutions to the operation and control of VPPs, particularly focusing on control and interaction with other power system entities - Introduces the key integrating role of VPPs in enabling DER powered participative electricity markets

This textbook provides a detailed analysis of operation and planning problems faced by virtual power plants participating in different electricity markets. The chapters address in-depth, topics such as: optimization, market power, expansion, and modelling uncertainty in operation and planning problems of virtual power plants. The book provides an up-to-date description of decision-making tools to address challenging questions faced by virtual power plants such as: How can virtual power plants optimize their participation in electricity markets? How can a virtual power plant exercise market power? How can virtual power plants be optimally expanded? How can uncertainty be efficiently modelled in the operation and planning problems of virtual power plants? The book is written in a tutorial style and modular format, and includes many illustrative examples to facilitate comprehension. It is intended for a diverse audience including advanced undergraduate and graduate students in the fields of electric energy systems, operations research, and economics. Practitioners in the energy sector will also benefit from the concepts and techniques presented in this book. In particular, this book: Provides students with the GAMS codes to solve the examples in the book; Provides a basis for the formulation of decision-making problems under uncertainty; Contains a blend of theoretical concepts and practical applications that are developed as working algorithms.

This book focuses on the business operation of virtual power plants. Both of the business models and reliable operation of virtual power plants have been addressed with engineering practices. This is achieved by providing an in-depth study on several major topics such as load forecasting for distributed energy resources, business model and practice of virtual power plants, the business operation of virtual power plants participating in demand response, and auxiliary service market. The dynamic pricing strategy of virtual power plants and reliable operation of power systems with virtual power plants are provided as well. The comprehensive and systematic treatment in business operation of virtual power plants is one of the major features of the book, which is particularly suited for readers who are interested to learn operation mechanisms of virtual power plants. The book benefits researchers, engineers, and graduate students in the fields of energy internet, electrical engineering, and business administration, etc.

This book focuses on building air conditioning demand response and power storage batteries as the resources that make up the virtual power plant. The research and its outcomes presented in this book provide an overview of virtual power plant technology. The contents focus on both fundamentals and advanced topics such as role of central power supply control office, battery charge and discharge control system, power system simulation, system design for practical application, etc. This is a highly informative and carefully presented book, providing insight to students, engineers, and researchers in the field of power systems

This book provides a general overview of virtual power plants (VPP) as a key technology in future energy communities and active distribution and transmission networks for managing distributed energy resources, providing local and global services, and facilitating market participation of small-scale managing distributed energy resources and prosumers. The book also aims at describing some practical solutions, business models, and novel architectures for the implementation of VPPs in the real world. Each chapter of the book begins with the fundamental structure of the problem required for a rudimentary understanding of the methods described. It provides a clear picture for practical implementation of VPP through novel technologies such as blockchain, digital twin, and distributed ledger technology. The book will help the electrical and power engineers, undergraduate, graduate students, research scholars, and utility engineers to understand the emerging solutions regarding the VPP concept lucidly.

This book focuses on building air conditioning demand response and power storage batteries as the resources that make up the virtual power plant. The research and its outcomes presented in this book provide an overview of virtual power plant technology. The contents focus on both fundamentals and advanced topics such as role of central power supply control office, battery charge and discharge control system, power system simulation, system design for practical application, etc. This is a highly informative and carefully presented book, providing insight to students, engineers, and researchers in the field of power systems.