Optimal scheduling of virtual power plants considering integrated demand response

Abstract In contemporary power system management, leveraging multilevel demand response strategies plays a pivotal role in balancing energy supply with demand, thereby enhancing system efficiency and flexibility. This paper introduces an innovative optimization model for virtual power plant operatio...

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Published inJournal of physics. Conference series Vol. 2831; no. 1; pp. 12005 - 12012
Main Authors Wang, Jinfeng, Wu, Yulong, Wei, Zhenze, Pang, Jiale
Format Journal Article
LanguageEnglish
Published Bristol IOP Publishing 01.08.2024
Subjects
Electrical loads
Energy costs
Energy distribution
Energy management
Optimization models
Scheduling
Virtual power plants
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Summary:Abstract In contemporary power system management, leveraging multilevel demand response strategies plays a pivotal role in balancing energy supply with demand, thereby enhancing system efficiency and flexibility. This paper introduces an innovative optimization model for virtual power plant operations that anticipates the scheduling needs several days in advance. It incorporates a comprehensive approach to demand response on the consumer side, highlighting two main types: price-based and substitution-based responses. Furthermore, the model integrates the functionalities of energy storage and conversion devices. This integration aims to facilitate effective load management, ensuring an optimized load distribution while minimizing the overall system costs.
ISSN:1742-6588
1742-6596
DOI:10.1088/1742-6596/2831/1/012005