Bidding Strategy of Virtual Power Plant for Participating in Energy and Spinning Reserve Markets—Part II: Numerical Analysis

Author

Mashhour, Elaheh ; Moghaddas-Tafreshi, Seyed Masoud

Author_Institution

Fac. of Electr. Eng., K.N. Toosi Univ. of Technol., Tehran, Iran

Volume

26

Issue

2

fYear

2011

fDate

5/1/2011 12:00:00 AM

Firstpage

957

Lastpage

964

Abstract

This paper is to evaluate the presented model in part I for bidding strategy of virtual power plant (VPP) with centralized control in a joint market of energy and spinning reserve service. Two test VPPs are introduced and different scenarios are considered for markets prices. At first, the participation of VPP in only energy market is studied. Then, the spinning reserve market is taken into consideration and the bids of VPP in a joint market of energy and spinning reserve service is studied under different scenarios of markets prices and the results are analyzed. In all cases, the results show the effectiveness and the quality of the procedure and validate the proposed model.

Keywords

numerical analysis; power markets; power plants; bidding strategy; centralized control; energy market; numerical analysis; spinning reserve markets; virtual power plant; Density estimation robust algorithm; Joints; Load modeling; Numerical models; Power generation; Production; Spinning; Bidding strategy; energy market; spinning reserve market; virtual power plant;

fLanguage

English

Journal_Title

Power Systems, IEEE Transactions on

Publisher

ieee

ISSN

0885-8950

Type

jour

DOI

10.1109/TPWRS.2010.2070883

Filename

5582177