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Offering model for a virtual power plant based on stochastic programming

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  1. Li, Qiang & Wei, Fanchao & Zhou, Yongcheng & Li, Jiajia & Zhou, Guowen & Wang, Zhonghao & Liu, Jinfu & Yan, Peigang & Yu, Daren, 2023. "A scheduling framework for VPP considering multiple uncertainties and flexible resources," Energy, Elsevier, vol. 282(C).
  2. Oluwaseun Oladimeji & Álvaro Ortega & Lukas Sigrist & Luis Rouco & Pedro Sánchez-Martín & Enrique Lobato, 2022. "Optimal Participation of Heterogeneous, RES-Based Virtual Power Plants in Energy Markets," Energies, MDPI, vol. 15(9), pages 1-19, April.
  3. Amit Kumer Podder & Sayemul Islam & Nallapaneni Manoj Kumar & Aneesh A. Chand & Pulivarthi Nageswara Rao & Kushal A. Prasad & T. Logeswaran & Kabir A. Mamun, 2020. "Systematic Categorization of Optimization Strategies for Virtual Power Plants," Energies, MDPI, vol. 13(23), pages 1-46, November.
  4. Kim, Seokwoo & Choi, Dong Gu, 2024. "A sample robust optimal bidding model for a virtual power plant," European Journal of Operational Research, Elsevier, vol. 316(3), pages 1101-1113.
  5. Motalleb, Mahdi & Reihani, Ehsan & Ghorbani, Reza, 2016. "Optimal placement and sizing of the storage supporting transmission and distribution networks," Renewable Energy, Elsevier, vol. 94(C), pages 651-659.
  6. Mahmud, Khizir & Khan, Behram & Ravishankar, Jayashri & Ahmadi, Abdollah & Siano, Pierluigi, 2020. "An internet of energy framework with distributed energy resources, prosumers and small-scale virtual power plants: An overview," Renewable and Sustainable Energy Reviews, Elsevier, vol. 127(C).
  7. Xiaolin Ayón & María Ángeles Moreno & Julio Usaola, 2017. "Aggregators’ Optimal Bidding Strategy in Sequential Day-Ahead and Intraday Electricity Spot Markets," Energies, MDPI, vol. 10(4), pages 1-20, April.
  8. Tascikaraoglu, A. & Erdinc, O. & Uzunoglu, M. & Karakas, A., 2014. "An adaptive load dispatching and forecasting strategy for a virtual power plant including renewable energy conversion units," Applied Energy, Elsevier, vol. 119(C), pages 445-453.
  9. Zuoyu Liu & Weimin Zheng & Feng Qi & Lei Wang & Bo Zou & Fushuan Wen & You Xue, 2018. "Optimal Dispatch of a Virtual Power Plant Considering Demand Response and Carbon Trading," Energies, MDPI, vol. 11(6), pages 1-19, June.
  10. Dodiek Ika Candra & Kilian Hartmann & Michael Nelles, 2018. "Economic Optimal Implementation of Virtual Power Plants in the German Power Market," Energies, MDPI, vol. 11(9), pages 1-24, September.
  11. Christos N. Dimitriadis & Evangelos G. Tsimopoulos & Michael C. Georgiadis, 2021. "A Review on the Complementarity Modelling in Competitive Electricity Markets," Energies, MDPI, vol. 14(21), pages 1-27, November.
  12. Nielsen, Maria Grønnegaard & Morales, Juan Miguel & Zugno, Marco & Pedersen, Thomas Engberg & Madsen, Henrik, 2016. "Economic valuation of heat pumps and electric boilers in the Danish energy system," Applied Energy, Elsevier, vol. 167(C), pages 189-200.
  13. Olivella-Rosell, Pol & Bullich-Massagué, Eduard & Aragüés-Peñalba, Mònica & Sumper, Andreas & Ottesen, Stig Ødegaard & Vidal-Clos, Josep-Andreu & Villafáfila-Robles, Roberto, 2018. "Optimization problem for meeting distribution system operator requests in local flexibility markets with distributed energy resources," Applied Energy, Elsevier, vol. 210(C), pages 881-895.
  14. Hany Elgamal, Ahmed & Kocher-Oberlehner, Gudrun & Robu, Valentin & Andoni, Merlinda, 2019. "Optimization of a multiple-scale renewable energy-based virtual power plant in the UK," Applied Energy, Elsevier, vol. 256(C).
  15. Guoqiang Sun & Weihang Qian & Wenjin Huang & Zheng Xu & Zhongxing Fu & Zhinong Wei & Sheng Chen, 2019. "Stochastic Adaptive Robust Dispatch for Virtual Power Plants Using the Binding Scenario Identification Approach," Energies, MDPI, vol. 12(10), pages 1-23, May.
  16. Domínguez, R. & Conejo, A.J. & Carrión, M., 2014. "Operation of a fully renewable electric energy system with CSP plants," Applied Energy, Elsevier, vol. 119(C), pages 417-430.
  17. Jiakai Hu & Chuanwen Jiang & Yangyang Liu, 2019. "Short-Term Bidding Strategy for a Price-Maker Virtual Power Plant Based on Interval Optimization," Energies, MDPI, vol. 12(19), pages 1-22, September.
  18. Yu, Songyuan & Fang, Fang & Liu, Yajuan & Liu, Jizhen, 2019. "Uncertainties of virtual power plant: Problems and countermeasures," Applied Energy, Elsevier, vol. 239(C), pages 454-470.
  19. Sun, Shitong & Kazemi-Razi, S. Mahdi & Kaigutha, Lisa G. & Marzband, Mousa & Nafisi, Hamed & Al-Sumaiti, Ameena Saad, 2022. "Day-ahead offering strategy in the market for concentrating solar power considering thermoelectric decoupling by a compressed air energy storage," Applied Energy, Elsevier, vol. 305(C).
  20. Chinmoy, Lakshmi & Iniyan, S. & Goic, Ranko, 2019. "Modeling wind power investments, policies and social benefits for deregulated electricity market – A review," Applied Energy, Elsevier, vol. 242(C), pages 364-377.
  21. Shabanzadeh, Morteza & Sheikh-El-Eslami, Mohammad-Kazem & Haghifam, Mahmoud-Reza, 2016. "A medium-term coalition-forming model of heterogeneous DERs for a commercial virtual power plant," Applied Energy, Elsevier, vol. 169(C), pages 663-681.
  22. Tajeddini, Mohammad Amin & Rahimi-Kian, Ashkan & Soroudi, Alireza, 2014. "Risk averse optimal operation of a virtual power plant using two stage stochastic programming," Energy, Elsevier, vol. 73(C), pages 958-967.
  23. Shayegan-Rad, Ali & Badri, Ali & Zangeneh, Ali, 2017. "Day-ahead scheduling of virtual power plant in joint energy and regulation reserve markets under uncertainties," Energy, Elsevier, vol. 121(C), pages 114-125.
  24. Gilbert, François & Anjos, Miguel F. & Marcotte, Patrice & Savard, Gilles, 2015. "Optimal design of bilateral contracts for energy procurement," European Journal of Operational Research, Elsevier, vol. 246(2), pages 641-650.
  25. Wang, Han & Riaz, Shariq & Mancarella, Pierluigi, 2020. "Integrated techno-economic modeling, flexibility analysis, and business case assessment of an urban virtual power plant with multi-market co-optimization," Applied Energy, Elsevier, vol. 259(C).
  26. Mejia, Cristian & Kajikawa, Yuya, 2020. "Emerging topics in energy storage based on a large-scale analysis of academic articles and patents," Applied Energy, Elsevier, vol. 263(C).
  27. Guo, Yi & Han, Xuejiao & Zhou, Xinyang & Hug, Gabriela, 2023. "Incorporate day-ahead robustness and real-time incentives for electricity market design," Applied Energy, Elsevier, vol. 332(C).
  28. Li, Jiaxin & Xu, Zhanbo & Zhou, Yuzhou & Li, Yuting & Wu, Jiang & Guan, Xiaohong, 2024. "Optimal scheduling method and fast-solving algorithm for large-scale virtual power plants communication networks," Applied Energy, Elsevier, vol. 371(C).
  29. Zamani, Ali Ghahgharaee & Zakariazadeh, Alireza & Jadid, Shahram, 2016. "Day-ahead resource scheduling of a renewable energy based virtual power plant," Applied Energy, Elsevier, vol. 169(C), pages 324-340.
  30. Xu, Xiao & Hu, Weihao & Cao, Di & Huang, Qi & Liu, Zhou & Liu, Wen & Chen, Zhe & Blaabjerg, Frede, 2020. "Scheduling of wind-battery hybrid system in the electricity market using distributionally robust optimization," Renewable Energy, Elsevier, vol. 156(C), pages 47-56.
  31. Li, Xiao & Liu, Pan & Feng, Maoyuan & Jordaan, Sarah M. & Cheng, Lei & Ming, Bo & Chen, Jie & Xie, Kang & Liu, Weibo, 2024. "Energy transition paradox: Solar and wind growth can hinder decarbonization," Renewable and Sustainable Energy Reviews, Elsevier, vol. 192(C).
  32. Jadidbonab, Mohammad & Babaei, Ebrahim & Mohammadi-ivatloo, Behnam, 2019. "CVaR-constrained scheduling strategy for smart multi carrier energy hub considering demand response and compressed air energy storage," Energy, Elsevier, vol. 174(C), pages 1238-1250.
  33. Nosratabadi, Seyyed Mostafa & Hooshmand, Rahmat-Allah & Gholipour, Eskandar, 2017. "A comprehensive review on microgrid and virtual power plant concepts employed for distributed energy resources scheduling in power systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 341-363.
  34. Javier Rodríguez-García & David Ribó-Pérez & Carlos Álvarez-Bel & Elisa Peñalvo-López, 2019. "Novel Conceptual Architecture for the Next-Generation Electricity Markets to Enhance a Large Penetration of Renewable Energy," Energies, MDPI, vol. 12(13), pages 1-23, July.
  35. 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.
  36. Ioannis Boukas & Damien Ernst & Thibaut Th'eate & Adrien Bolland & Alexandre Huynen & Martin Buchwald & Christelle Wynants & Bertrand Corn'elusse, 2020. "A Deep Reinforcement Learning Framework for Continuous Intraday Market Bidding," Papers 2004.05940, arXiv.org.
  37. Holjevac, Ninoslav & Capuder, Tomislav & Kuzle, Igor, 2015. "Adaptive control for evaluation of flexibility benefits in microgrid systems," Energy, Elsevier, vol. 92(P3), pages 487-504.
  38. Kraft, Emil & Russo, Marianna & Keles, Dogan & Bertsch, Valentin, 2023. "Stochastic optimization of trading strategies in sequential electricity markets," European Journal of Operational Research, Elsevier, vol. 308(1), pages 400-421.
  39. Xiao Han & Ming Zhou & Gengyin Li & Kwang Y. Lee, 2017. "Optimal Dispatching of Active Distribution Networks Based on Load Equilibrium," Energies, MDPI, vol. 10(12), pages 1-17, December.
  40. Luis Hernández-Callejo, 2019. "A Comprehensive Review of Operation and Control, Maintenance and Lifespan Management, Grid Planning and Design, and Metering in Smart Grids," Energies, MDPI, vol. 12(9), pages 1-50, April.
  41. Moreno, Blanca & Díaz, Guzmán, 2019. "The impact of virtual power plant technology composition on wholesale electricity prices: A comparative study of some European Union electricity markets," Renewable and Sustainable Energy Reviews, Elsevier, vol. 99(C), pages 100-108.
  42. Guixing Yang & Haoran Liu & Weiqing Wang & Junru Chen & Shunbo Lei, 2023. "Distributed Optimal Coordination of a Virtual Power Plant with Residential Regenerative Electric Heating Systems," Energies, MDPI, vol. 16(11), pages 1-15, May.
  43. Rahmani-Dabbagh, Saeed & Sheikh-El-Eslami, Mohammad Kazem, 2016. "A profit sharing scheme for distributed energy resources integrated into a virtual power plant," Applied Energy, Elsevier, vol. 184(C), pages 313-328.
  44. Wei, Congying & Xu, Jian & Liao, Siyang & Sun, Yuanzhang & Jiang, Yibo & Ke, Deping & Zhang, Zhen & Wang, Jing, 2018. "A bi-level scheduling model for virtual power plants with aggregated thermostatically controlled loads and renewable energy," Applied Energy, Elsevier, vol. 224(C), pages 659-670.
  45. Ricardo M. Lima & Antonio J. Conejo & Loïc Giraldi & Olivier Le Maître & Ibrahim Hoteit & Omar M. Knio, 2022. "Risk-Averse Stochastic Programming vs. Adaptive Robust Optimization: A Virtual Power Plant Application," INFORMS Journal on Computing, INFORMS, vol. 34(3), pages 1795-1818, May.
  46. Marija Miletić & Hrvoje Pandžić & Dechang Yang, 2020. "Operating and Investment Models for Energy Storage Systems," Energies, MDPI, vol. 13(18), pages 1-33, September.
  47. Kasaei, Mohammad Javad & Gandomkar, Majid & Nikoukar, Javad, 2017. "Optimal management of renewable energy sources by virtual power plant," Renewable Energy, Elsevier, vol. 114(PB), pages 1180-1188.
  48. Dirin, Sepehr & Rahimiyan, Morteza & Baringo, Luis, 2023. "Optimal offering strategy for wind-storage systems under correlated wind production," Applied Energy, Elsevier, vol. 333(C).
  49. Mazidi, Mohammadreza & Monsef, Hassan & Siano, Pierluigi, 2016. "Robust day-ahead scheduling of smart distribution networks considering demand response programs," Applied Energy, Elsevier, vol. 178(C), pages 929-942.
  50. Jin, Xiaolong & Wu, Qiuwei & Jia, Hongjie, 2020. "Local flexibility markets: Literature review on concepts, models and clearing methods," Applied Energy, Elsevier, vol. 261(C).
  51. Löschenbrand, Markus, 2021. "Modeling competition of virtual power plants via deep learning," Energy, Elsevier, vol. 214(C).
  52. Nosratabadi, Seyyed Mostafa & Hooshmand, Rahmat-Allah & Gholipour, Eskandar, 2016. "Stochastic profit-based scheduling of industrial virtual power plant using the best demand response strategy," Applied Energy, Elsevier, vol. 164(C), pages 590-606.
  53. Fichtner, Stephan & Meyr, Herbert, 2019. "Biogas plant optimization by increasing its exibility considering uncertain revenues," Hohenheim Discussion Papers in Business, Economics and Social Sciences 07-2019, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
  54. Hao Bai & Shihong Miao & Xiaohong Ran & Chang Ye, 2015. "Optimal Dispatch Strategy of a Virtual Power Plant Containing Battery Switch Stations in a Unified Electricity Market," Energies, MDPI, vol. 8(3), pages 1-22, March.
  55. Quan, Yue & Xi, Lei, 2024. "Smart generation system: A decentralized multi-agent control architecture based on improved consensus algorithm for generation command dispatch of sustainable energy systems," Applied Energy, Elsevier, vol. 365(C).
  56. Wafa Nafkha-Tayari & Seifeddine Ben Elghali & Ehsan Heydarian-Forushani & Mohamed Benbouzid, 2022. "Virtual Power Plants Optimization Issue: A Comprehensive Review on Methods, Solutions, and Prospects," Energies, MDPI, vol. 15(10), pages 1-20, May.
  57. Calvillo, C.F. & Sánchez-Miralles, A. & Villar, J. & Martín, F., 2016. "Optimal planning and operation of aggregated distributed energy resources with market participation," Applied Energy, Elsevier, vol. 182(C), pages 340-357.
  58. Naval, Natalia & Yusta, Jose M., 2021. "Virtual power plant models and electricity markets - A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 149(C).
  59. Zeyi Wang & Yao Wang & Li Xie & Dan Pang & Hao Shi & Hua Zheng, 2024. "Load Frequency Control of Multiarea Power Systems with Virtual Power Plants," Energies, MDPI, vol. 17(15), pages 1-10, July.
  60. Fernandes, Gláucia & Gomes, Leonardo Lima & Brandão, Luiz Eduardo Teixeira, 2018. "A risk-hedging tool for hydro power plants," Renewable and Sustainable Energy Reviews, Elsevier, vol. 90(C), pages 370-378.
  61. Ignacio Blanco & Daniela Guericke & Anders N. Andersen & Henrik Madsen, 2018. "Operational Planning and Bidding for District Heating Systems with Uncertain Renewable Energy Production," Energies, MDPI, vol. 11(12), pages 1-26, November.
  62. Crespo-Vazquez, Jose L. & Carrillo, C. & Diaz-Dorado, E. & Martinez-Lorenzo, Jose A. & Noor-E-Alam, Md., 2018. "A machine learning based stochastic optimization framework for a wind and storage power plant participating in energy pool market," Applied Energy, Elsevier, vol. 232(C), pages 341-357.
  63. Jing Qiu & Junhua Zhao & Dongxiao Wang & Yu Zheng, 2017. "Two-Stage Coordinated Operational Strategy for Distributed Energy Resources Considering Wind Power Curtailment Penalty Cost," Energies, MDPI, vol. 10(7), pages 1-19, July.
  64. Gough, Rebecca & Dickerson, Charles & Rowley, Paul & Walsh, Chris, 2017. "Vehicle-to-grid feasibility: A techno-economic analysis of EV-based energy storage," Applied Energy, Elsevier, vol. 192(C), pages 12-23.
  65. Liwei Ju & Peng Li & Qinliang Tan & Zhongfu Tan & GejiriFu De, 2018. "A CVaR-Robust Risk Aversion Scheduling Model for Virtual Power Plants Connected with Wind-Photovoltaic-Hydropower-Energy Storage Systems, Conventional Gas Turbines and Incentive-Based Demand Responses," Energies, MDPI, vol. 11(11), pages 1-28, October.
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