Assembly and Competition for Virtual Power Plants With Multiple ESPs Through a “Recruitment–Participation” Approach

Lu, X; Qiu, J; Zhang, C; Lei, G; Zhu, J

Assembly and Competition for Virtual Power Plants With Multiple ESPs Through a “Recruitment–Participation” Approach

Lu, X Qiu, J Zhang, C Lei, G

Zhu, J

Permalink

Publisher:: Institute of Electrical and Electronics Engineers (IEEE)
Publication Type:: Journal Article
Citation:: IEEE Transactions on Power Systems, 2023, PP, (99), pp. 1-14
Issue Date:: 2023-01-01

Open Access

Copyright Clearance Process

Recently Added
In Progress
Open Access

This item is open access.

The embargo period expires on 1 Jan 2025

Download Accepted versionAdobe PDF (1.13 MB)

View on publisher's site

View statistics

Full metadata record

Field	Value	Language
dc.contributor.author	Lu, X
dc.contributor.author	Qiu, J
dc.contributor.author	Zhang, C
dc.contributor.author	Lei, G https://orcid.org/0000-0002-8369-6802
dc.contributor.author	Zhu, J
dc.date.accessioned	2024-02-08T11:31:46Z
dc.date.available	2024-02-08T11:31:46Z
dc.date.issued	2023-01-01
dc.identifier.citation	IEEE Transactions on Power Systems, 2023, PP, (99), pp. 1-14
dc.identifier.issn	0885-8950
dc.identifier.issn	1558-0679
dc.identifier.uri	http://hdl.handle.net/10453/175500
dc.description.abstract	Distributed energy resource (DER) owners have many concerns when participating in virtual power plants (VPPs), including low returns and a limited variety of plans. Therefore, it lacks incentives for them to participate in VPPs. This paper proposes a flexible VPP assembly approach to recruit DERs by energy service providers (ESPs). The contributions of each ESP and DER to VPPs are evaluated separately as the basis for a fair payoff allocation. Rebates are adopted to incentivize DER owners to participate in the VPPs. Based on the above fundamentals, a multi-ESP VPP assembly and competition method are proposed and simulated, considering diverse preference behaviors and electricity price fluctuations. The existence of the solution to the proposed multi-ESP VPP rebate competition problem is discussed. Case studies are conducted to simulate a 35-VPP assembly and disassembly process and a 6-ESP rebate competition process. The results indicate that DER owners are motivated to participate in VPPs with high payoffs, and the payoffs of ESPs increase by attracting more customers.
dc.language	en
dc.publisher	Institute of Electrical and Electronics Engineers (IEEE)
dc.relation.ispartof	IEEE Transactions on Power Systems
dc.relation.isbasedon	10.1109/TPWRS.2023.3296738
dc.rights	info:eu-repo/semantics/embargoedAccess
dc.subject	0906 Electrical and Electronic Engineering
dc.subject.classification	Energy
dc.subject.classification	4008 Electrical engineering
dc.title	Assembly and Competition for Virtual Power Plants With Multiple ESPs Through a “Recruitment–Participation” Approach
dc.type	Journal Article
utslib.citation.volume	PP
utslib.for	0906 Electrical and Electronic Engineering
pubs.organisational-group	University of Technology Sydney
pubs.organisational-group	University of Technology Sydney/Faculty of Engineering and Information Technology
pubs.organisational-group	University of Technology Sydney/Faculty of Engineering and Information Technology/School of Electrical and Data Engineering
utslib.copyright.status	open_access	*
utslib.copyright.embargo	2025-01-01T00:00:00+1000Z
dc.date.updated	2024-02-08T11:31:45Z
pubs.issue	99
pubs.publication-status	Published
pubs.volume	PP
utslib.citation.issue	99

Abstract:

Distributed energy resource (DER) owners have many concerns when participating in virtual power plants (VPPs), including low returns and a limited variety of plans. Therefore, it lacks incentives for them to participate in VPPs. This paper proposes a flexible VPP assembly approach to recruit DERs by energy service providers (ESPs). The contributions of each ESP and DER to VPPs are evaluated separately as the basis for a fair payoff allocation. Rebates are adopted to incentivize DER owners to participate in the VPPs. Based on the above fundamentals, a multi-ESP VPP assembly and competition method are proposed and simulated, considering diverse preference behaviors and electricity price fluctuations. The existence of the solution to the proposed multi-ESP VPP rebate competition problem is discussed. Case studies are conducted to simulate a 35-VPP assembly and disassembly process and a 6-ESP rebate competition process. The results indicate that DER owners are motivated to participate in VPPs with high payoffs, and the payoffs of ESPs increase by attracting more customers.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/175500