VPPs information needs for effective operation in competitive electricity markets

Author

Morais, Hugo ; Cardoso, Marílio ; Castartheira, L. ; Vale, Zita A. ; Praça, Isabel

Author_Institution

Polytech. Inst. of Porto, Porto

Volume

2

fYear

2007

fDate

23-27 June 2007

Firstpage

1183

Lastpage

1188

Abstract

The large increase of renewable energy sources and Distributed Generation (DG) of electricity gives place to the Virtual Power Producer (VPP) concept. VPPs may turn electricity generation by renewable sources valuable in electricity markets. Information availability and adequate decision-support tools are crucial for achieving VPPs´ goals. This involves information concerning associated producers and market operation. This paper presents ViProd, a simulation tool that allows simulating VPPs operation, focusing mainly in the information requirements for adequate decision making.

Keywords

decision making; decision support systems; digital simulation; distributed power generation; information needs; power markets; power system simulation; ViProd simulation tool; competitive electricity market; decision making; decision-support tool; distributed electricity generation; information needs; renewable sources; virtual power producer concept; Contracts; Decision making; Distributed control; Distributed power generation; Electricity supply industry; Power generation; Profitability; Solar power generation; Wind energy generation; Wind turbines;

fLanguage

English

Publisher

ieee

Conference_Titel

Industrial Informatics, 2007 5th IEEE International Conference on

Conference_Location

Vienna

ISSN

1935-4576

Print_ISBN

978-1-4244-0851-1

Electronic_ISBN

1935-4576

Type

conf

DOI

10.1109/INDIN.2007.4384898

Filename

4384898