Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Economic Simulations of the Participation of Virtual Power Plants on the Swiss Balancing Market
KTH, School of Electrical Engineering (EES), Electric Power and Energy Systems.
KTH, School of Electrical Engineering (EES), Electric Power and Energy Systems. (Power System Operation and Control)ORCID iD: 0000-0002-4140-4736
2016 (English)In: PES Innovative Smart Grid Technologies Conference Europe (ISGT-Europe), 2016 IEEE, IEEE Computer Society, 2016, 7856242Conference paper, Published paper (Refereed)
Abstract [en]

In this paper, economic simulations of virtual power plants participating on the Swiss balancing market are performed and discussed. The simulations are performed by creating a generic simulation model for balancing markets which account for functions such as bidding, market clearing, delivery of control energy, and others. Several simulations allowed to estimate the opportunity from both the capacity and the energy market products. The simulations indicated that an example company could hope a decrease in its energy cost between 3 and 4% by participating in a virtual power plant providing frequency control over a year assuming the aggregator gets 50% of the market income. Other simulations demonstrated the greater profit expected from secondary reserves compared to tertiary reserves for a virtual power plant made of controllable loads. Moreover, the paper also gives an insight into balancing markets role and designs, and presents the virtual power plant concept and the potential participants for the provision of frequency control.

Place, publisher, year, edition, pages
IEEE Computer Society, 2016. 7856242
Keyword [en]
distributed power generation, power generation economics, power system control, balancing markets, virtual power plants
National Category
Electrical Engineering, Electronic Engineering, Information Engineering
Identifiers
URN: urn:nbn:se:kth:diva-190774DOI: 10.1109/ISGTEurope.2016.7856242Scopus ID: 2-s2.0-85017525693ISBN: 9781509033584 (print)OAI: oai:DiVA.org:kth-190774DiVA: diva2:952741
Conference
2016 IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT Europe 2016, Ljubljana, Slovenia, 9 October 2016 through 12 October 2016
Note

QC 20160921

Available from: 2016-08-15 Created: 2016-08-15 Last updated: 2017-06-07Bibliographically approved

Open Access in DiVA

No full text

Other links

Publisher's full textScopusConference website

Search in DiVA

By author/editor
Bourdette, RomainBrodén, Daniel
By organisation
Electric Power and Energy Systems
Electrical Engineering, Electronic Engineering, Information Engineering

Search outside of DiVA

GoogleGoogle Scholar

Altmetric score

Total: 193 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf