Optimizing Virtual Power Plant Management: A Novel MILP Algorithm to Minimize Levelized Cost of Energy, Technical Losses, and Greenhouse Gas Emissions
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Jiaqi Liu & Hongji Hu & Samson S. Yu & Hieu Trinh, 2023. "Virtual Power Plant with Renewable Energy Sources and Energy Storage Systems for Sustainable Power Grid-Formation, Control Techniques and Demand Response," Energies, MDPI, vol. 16(9), pages 1-28, April.
- Ding, Bing & Li, Zening & Li, Zhengmao & Xue, Yixun & Chang, Xinyue & Su, Jia & Jin, Xiaolong & Sun, Hongbin, 2024. "A CCP-based distributed cooperative operation strategy for multi-agent energy systems integrated with wind, solar, and buildings," Applied Energy, Elsevier, vol. 365(C).
- Ju, Liwei & Tan, Zhongfu & Yuan, Jinyun & Tan, Qingkun & Li, Huanhuan & Dong, Fugui, 2016. "A bi-level stochastic scheduling optimization model for a virtual power plant connected to a wind–photovoltaic–energy storage system considering the uncertainty and demand response," Applied Energy, Elsevier, vol. 171(C), pages 184-199.
- Zhang, Tianhan & Qiu, Weiqiang & Zhang, Zhi & Lin, Zhenzhi & Ding, Yi & Wang, Yiting & Wang, Lianfang & Yang, Li, 2023. "Optimal bidding strategy and profit allocation method for shared energy storage-assisted VPP in joint energy and regulation markets," Applied Energy, Elsevier, vol. 329(C).
- Luo, Xing & Wang, Jihong & Dooner, Mark & Clarke, Jonathan, 2015. "Overview of current development in electrical energy storage technologies and the application potential in power system operation," Applied Energy, Elsevier, vol. 137(C), pages 511-536.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Hun-Chul Seo, 2018. "Development of Reclosing Method in a Distribution System with Distributed Generation and Battery Energy Storage System," Energies, MDPI, vol. 11(6), pages 1-18, May.
- Marija Miletić & Hrvoje Pandžić & Dechang Yang, 2020. "Operating and Investment Models for Energy Storage Systems," Energies, MDPI, vol. 13(18), pages 1-33, September.
- Hun-Chul Seo, 2017. "New Configuration and Novel Reclosing Procedure of Distribution System for Utilization of BESS as UPS in Smart Grid," Sustainability, MDPI, vol. 9(4), pages 1-16, March.
- Mohammad Mohammadi Roozbehani & Ehsan Heydarian-Forushani & Saeed Hasanzadeh & Seifeddine Ben Elghali, 2022. "Virtual Power Plant Operational Strategies: Models, Markets, Optimization, Challenges, and Opportunities," Sustainability, MDPI, vol. 14(19), pages 1-23, September.
- Yang, Shenbo & Fang, Jiangpeng & Zhang, Zheyu & Lv, ShuoShuo & Lin, Hongyu & Ju, Liwei, 2024. "Two-stage coordinated optimal dispatching model and benefit allocation strategy for rural new energy microgrid," Energy, Elsevier, vol. 292(C).
- Yasemin Merzifonluoglu & Eray Uzgoren, 2018. "Photovoltaic power plant design considering multiple uncertainties and risk," Annals of Operations Research, Springer, vol. 262(1), pages 153-184, March.
- Chen, Long Xiang & Xie, Mei Na & Zhao, Pan Pan & Wang, Feng Xiang & Hu, Peng & Wang, Dong Xiang, 2018. "A novel isobaric adiabatic compressed air energy storage (IA-CAES) system on the base of volatile fluid," Applied Energy, Elsevier, vol. 210(C), pages 198-210.
- Miguel J. Prieto & Juan Á. Martínez & Rogelio Peón & Lourdes Á. Barcia & Fernando Nuño, 2017. "On the Convenience of Using Simulation Models to Optimize the Control Strategy of Molten-Salt Heat Storage Systems in Solar Thermal Power Plants," Energies, MDPI, vol. 10(7), pages 1-17, July.
- Wang, Longyi & Wu, Mei & Sun, Xiao & Gan, Zhihua, 2016. "A cascade pulse tube cooler capable of energy recovery," Applied Energy, Elsevier, vol. 164(C), pages 572-578.
- Mohd Bilal & Pitshou N. Bokoro & Gulshan Sharma & Giovanni Pau, 2024. "A Cost-Effective Energy Management Approach for On-Grid Charging of Plug-in Electric Vehicles Integrated with Hybrid Renewable Energy Sources," Energies, MDPI, vol. 17(16), pages 1-35, August.
- Wang, Dongxue & Fan, Ruguo & Yang, Peiwen & Du, Kang & Xu, Xiaoxia & Chen, Rongkai, 2024. "Research on floating real-time pricing strategy for microgrid operator in local energy market considering shared energy storage leasing," Applied Energy, Elsevier, vol. 368(C).
- Majumder, Suman & De, Krishnarti & Kumar, Praveen & Sengupta, Bodhisattva & Biswas, Pabitra Kumar, 2021. "Techno-commercial analysis of sustainable E-bus-based public transit systems: An Indian case study," Renewable and Sustainable Energy Reviews, Elsevier, vol. 144(C).
- Cheayb, Mohamad & Marin Gallego, Mylène & Tazerout, Mohand & Poncet, Sébastien, 2022. "A techno-economic analysis of small-scale trigenerative compressed air energy storage system," Energy, Elsevier, vol. 239(PA).
- Ziad Ragab & Ehsan Pashajavid & Sumedha Rajakaruna, 2024. "Optimal Sizing and Economic Analysis of Community Battery Systems Considering Sensitivity and Uncertainty Factors," Energies, MDPI, vol. 17(18), pages 1-20, September.
- Andoni, Merlinda & Robu, Valentin & Flynn, David & Abram, Simone & Geach, Dale & Jenkins, David & McCallum, Peter & Peacock, Andrew, 2019. "Blockchain technology in the energy sector: A systematic review of challenges and opportunities," Renewable and Sustainable Energy Reviews, Elsevier, vol. 100(C), pages 143-174.
- Guelpa, Elisa & Bischi, Aldo & Verda, Vittorio & Chertkov, Michael & Lund, Henrik, 2019. "Towards future infrastructures for sustainable multi-energy systems: A review," Energy, Elsevier, vol. 184(C), pages 2-21.
- Javed, Muhammad Shahzad & Ma, Tao & Jurasz, Jakub & Canales, Fausto A. & Lin, Shaoquan & Ahmed, Salman & Zhang, Yijie, 2021. "Economic analysis and optimization of a renewable energy based power supply system with different energy storages for a remote island," Renewable Energy, Elsevier, vol. 164(C), pages 1376-1394.
- Qiu, Rui & Zhang, Haoran & Wang, Guotao & Liang, Yongtu & Yan, Jinyue, 2023. "Green hydrogen-based energy storage service via power-to-gas technologies integrated with multi-energy microgrid," Applied Energy, Elsevier, vol. 350(C).
- Chen, Yang & Odukomaiya, Adewale & Kassaee, Saiid & O’Connor, Patrick & Momen, Ayyoub M. & Liu, Xiaobing & Smith, Brennan T., 2019. "Preliminary analysis of market potential for a hydropneumatic ground-level integrated diverse energy storage system," Applied Energy, Elsevier, vol. 242(C), pages 1237-1247.
- Georgiou, Giorgos S. & Christodoulides, Paul & Kalogirou, Soteris A., 2019. "Real-time energy convex optimization, via electrical storage, in buildings – A review," Renewable Energy, Elsevier, vol. 139(C), pages 1355-1365.
More about this item
Keywords
virtual power plant (VPP); MILP; optimization; LCOE minimization; distributed energy resources; energy management;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:17:y:2024:i:16:p:4075-:d:1457747. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.