Title :
Market strategy of distributed generation through the virtual power plant concept
Author :
Toma, Lucian ; Otomega, Bogdan ; Tristiu, Ion
Author_Institution :
Dept. of Electr. Power Syst., Univ. “Politeh.” of Bucharest, Bucharest, Romania
Abstract :
In this paper the authors propose a market strategy of a microgrid incorporating a virtual power plant. For exemplification, a configuration consisting of different types of distributed generators are considered. The aim of the virtual power plant is to maximize the profit by appropriate bidding strategy on the electricity market and optimal use of the sources.
Keywords :
distributed power generation; power generation economics; power markets; power plants; bidding strategy; distributed generation; electricity market; market strategy; microgrid; profit maximization; virtual power plant concept; Contracts; Dispatching; Generators; Power markets; Renewable energy resources; Wind power generation; distributed generation; smart grids; virtual power plant;
Conference_Titel :
Optimization of Electrical and Electronic Equipment (OPTIM), 2012 13th International Conference on
Conference_Location :
Brasov
Print_ISBN :
978-1-4673-1650-7
Electronic_ISBN :
1842-0133
DOI :
10.1109/OPTIM.2012.6231838
