Power plant energy storage cabinet bidding information

What is the optimal bidding strategy for a virtual power plant?

This paper proposes an optimal bidding strategy model of a virtual power plant (VPP) in the day-ahead market (DAM) that contains energy, reserve, and regulation markets. The VPP aggregates the wind farm (WF), photovoltaic power (PV), energy storage (ES), gas turbine (GT), and hydropower station (HS).

What is the bidding strategy of VPP in dam?

Regarding the bidding strategy of VPP in the DAM, Refs. , , investigated a VPP consisting of some distributed generations (DGs), ES and demand response (DR) to participate in an energy market and a spinning reserve market.

How do generating units bid in dam & RTM?

The generating units submit energy bids in DAM and RTM based on their power-cost functions. The original model was quadratic which was linearised with five steps. The piece-wise linear power-cost function was used as their bid in DAM and RTM. For wind generators, it is assumed that their bidding price is 0, i.e. they sell with any market price.

When should a bid be greater than the energy capacity?

According to Fig. 3, the bid should be greater than with the energy capacity equal to in order to approach an optimal energy purchase. The FRU will be enabled if the ESS submits a bid with power level equal to the desired FRU value and a price between and .

Why is the bidding capacity of a VPP so small?

It is worth noting that due to the service response of the regulation market is 15 min each time, the bidding capacity seems relatively small. In fact, the VPP dispatches much more generation power for this. The bidding capacities at different time instants and markets’ prices generally show a positive correlation trend.

What is the optimal bidding strategy for VPP?

This paper studies an optimal bidding strategy model of VPP in context of energy, reserve, and regulation markets in the day ahead, and conducts an in-depth analysis on its operational strategy and economy. The models include UCPSs such as the WFs and PVs with uncertainty, as well as CPSs like the HS, ES, and GT.