Arbitrage strategy of virtual power plants in energy, spinning reserve and reactive power markets

作者：Nezamabadi Hossein; Nazar Mehrdad Setayesh^*

来源：IET Generation Transmission & Distribution, 2016, 10(3): 750-763.

DOI：10.1049/iet-gtd.2015.0402

• distributed power generation
• power distribution economics
• power transmission economics
• power markets
• power system management
• power system security
• integer programming
• nonlinear programming
• power generation scheduling
• reactive power management
• active power management
• mixed-integer nonlinear programming
• intertemporal constraints
• mixed-integer nonlinear optimisation problem
• mathematical model
• transmission network security constraint
• transmission network topology constraint

Virtual power plant (VPP) concept was developed to integrate distributed energy resources (DERs) into the grid in order that they are seen as a single power plant by the market and power system operator. Therefore, VPPs are faced with optimal bidding, and identifying arbitrage opportunities in a market environment. In this study, the authors present an arbitrage strategy for VPPs by participating in energy and ancillary service (i.e. spinning reserve and reactive power services) markets. On the basis of a security-constrained price-based unit commitment, their proposed model maximises VPP's profit (revenue minus costs) considering arbitrage opportunities. The supply-demand balancing, transmission network topology and security constraints are considered to ensure reliable operation of VPP. The mathematical model is a mixed-integer non-linear optimisation problem with inter-temporal constraints, and solved by mixed-integer non-linear programming. The result is a single optimal bidding profile and a schedule for managing active and reactive power under participating in the markets. These profile and schedule consider the DERs and network constraints simultaneously, and explore arbitrage opportunities of VPP. Results pertaining to an illustrative example and a case study are discussed.

• 出版日期2016-2-18