Virtual Power Plants And Electricity Markets

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Scheduling and Operation of Virtual Power Plants

Author : Ali Zangeneh
Publisher : Elsevier
ISBN 13 : 0323852688
Total Pages : 450 pages
Book Rating : 4.3/5 (238 download)

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Book Synopsis Scheduling and Operation of Virtual Power Plants by : Ali Zangeneh

Download or read book Scheduling and Operation of Virtual Power Plants written by Ali Zangeneh and published by Elsevier. This book was released on 2022-01-25 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scheduling and Operation of Virtual Power Plants: Technical Challenges and Electricity Markets provides a multidisciplinary perspective on recent advances in VPPs, ranging from required infrastructures and planning to operation and control. The work details the required components in a virtual power plant, including smartness of power system, instrument and information and communication technologies (ICTs), measurement units, and distributed energy sources. Contributors assess the proposed benefits of virtual power plant in solving problems of distributed energy sources in integrating the small, distributed and intermittent output of these units. In addition, they investigate the likely technical challenges regarding control and interaction with other entities. Finally, the work considers the role of VPPs in electricity markets, showing how distributed energy resources and demand response providers can integrate their resources through virtual power plant concepts to effectively participate in electricity markets to solve the issues of small capacity and intermittency. The work is suitable for experienced engineers, researchers, managers and policymakers interested in using VPPs in future smart grids. Explores key enabling technologies and infrastructures for virtual power plants in future smart energy systems Reviews technical challenges and introduces solutions to the operation and control of VPPs, particularly focusing on control and interaction with other power system entities Introduces the key integrating role of VPPs in enabling DER powered participative electricity markets

Virtual Power Plants and Electricity Markets

Author : Luis Baringo
Publisher : Springer Nature
ISBN 13 : 3030476022
Total Pages : 381 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis Virtual Power Plants and Electricity Markets by : Luis Baringo

Download or read book Virtual Power Plants and Electricity Markets written by Luis Baringo and published by Springer Nature. This book was released on 2020-09-03 with total page 381 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook provides a detailed analysis of operation and planning problems faced by virtual power plants participating in different electricity markets. The chapters address in-depth, topics such as: optimization, market power, expansion, and modelling uncertainty in operation and planning problems of virtual power plants. The book provides an up-to-date description of decision-making tools to address challenging questions faced by virtual power plants such as: How can virtual power plants optimize their participation in electricity markets? How can a virtual power plant exercise market power? How can virtual power plants be optimally expanded? How can uncertainty be efficiently modelled in the operation and planning problems of virtual power plants? The book is written in a tutorial style and modular format, and includes many illustrative examples to facilitate comprehension. It is intended for a diverse audience including advanced undergraduate and graduate students in the fields of electric energy systems, operations research, and economics. Practitioners in the energy sector will also benefit from the concepts and techniques presented in this book. In particular, this book: Provides students with the GAMS codes to solve the examples in the book; Provides a basis for the formulation of decision-making problems under uncertainty; Contains a blend of theoretical concepts and practical applications that are developed as working algorithms.

Virtual Power Plant Solution for Future Smart Energy Communities

Author : Ehsan Heydarian-Forushani
Publisher : CRC Press
ISBN 13 : 1000609758
Total Pages : 293 pages
Book Rating : 4.0/5 (6 download)

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Book Synopsis Virtual Power Plant Solution for Future Smart Energy Communities by : Ehsan Heydarian-Forushani

Download or read book Virtual Power Plant Solution for Future Smart Energy Communities written by Ehsan Heydarian-Forushani and published by CRC Press. This book was released on 2022-07-25 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a general overview of virtual power plants (VPP) as a key technology in future energy communities and active distribution and transmission networks for managing distributed energy resources, providing local and global services, and facilitating market participation of small-scale managing distributed energy resources and prosumers. The book also aims at describing some practical solutions, business models, and novel architectures for the implementation of VPPs in the real world. Each chapter of the book begins with the fundamental structure of the problem required for a rudimentary understanding of the methods described. It provides a clear picture for practical implementation of VPP through novel technologies such as blockchain, digital twin, and distributed ledger technology. The book will help the electrical and power engineers, undergraduate, graduate students, research scholars, and utility engineers to understand the emerging solutions regarding the VPP concept lucidly.

Local Electricity Markets

Author : Tiago Pinto
Publisher : Academic Press
ISBN 13 : 0128226668
Total Pages : 474 pages
Book Rating : 4.1/5 (282 download)

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Book Synopsis Local Electricity Markets by : Tiago Pinto

Download or read book Local Electricity Markets written by Tiago Pinto and published by Academic Press. This book was released on 2021-07-03 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: Local Electricity Markets introduces the fundamental characteristics, needs, and constraints shaping the design and implementation of local electricity markets. It addresses current proposed local market models and lessons from their limited practical implementation. The work discusses relevant decision and informatics tools considered important in the implementation of local electricity markets. It also includes a review on management and trading platforms, including commercially available tools. Aspects of local electricity market infrastructure are identified and discussed, including physical and software infrastructure. It discusses the current regulatory frameworks available for local electricity market development internationally. The work concludes with a discussion of barriers and opportunities for local electricity markets in the future. Delineates key components shaping the design and implementation of local electricity market structure Provides a coherent view on the enabling infrastructures and technologies that underpin local market expansion Explores the current regulatory environment for local electricity markets drawn from a global panel of contributors Exposes future paths toward widespread implementation of local electricity markets using an empirical review of barriers and opportunities Reviews relevant local electricity market case studies, pilots and demonstrators already deployed and under implementation

Electricity Markets

Author : Sayyad Nojavan
Publisher : Springer Nature
ISBN 13 : 303036979X
Total Pages : 274 pages
Book Rating : 4.0/5 (33 download)

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Book Synopsis Electricity Markets by : Sayyad Nojavan

Download or read book Electricity Markets written by Sayyad Nojavan and published by Springer Nature. This book was released on 2020-03-10 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes new electricity pricing models that consider uncertainties in the power market due to the changing behavior of market players and the implementation of renewable distributed generation and responsive loads. In-depth chapters examine the different types of market players including the generation, transmission, and distribution companies, virtual power plants, demand response aggregators, and energy hubs and microgrids. Expert authors propose optimal operational models for short-term performance and scheduling and present readers with solutions for pricing challenges in uncertain environments. This book is useful for engineers, researchers and students involved in integrating demand response programs into smart grids and for electricity market operation and planning. Proposes optimal operation models; Discusses the various players in today's electricity markets; Describes the effects of demand response programs in smart grids.

Business Models and Reliable Operation of Virtual Power Plants

Author : Heping Jia
Publisher : Springer Nature
ISBN 13 : 9811978468
Total Pages : 167 pages
Book Rating : 4.8/5 (119 download)

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Book Synopsis Business Models and Reliable Operation of Virtual Power Plants by : Heping Jia

Download or read book Business Models and Reliable Operation of Virtual Power Plants written by Heping Jia and published by Springer Nature. This book was released on 2023-01-02 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the business operation of virtual power plants. Both of the business models and reliable operation of virtual power plants have been addressed with engineering practices. This is achieved by providing an in-depth study on several major topics such as load forecasting for distributed energy resources, business model and practice of virtual power plants, the business operation of virtual power plants participating in demand response, and auxiliary service market. The dynamic pricing strategy of virtual power plants and reliable operation of power systems with virtual power plants are provided as well. The comprehensive and systematic treatment in business operation of virtual power plants is one of the major features of the book, which is particularly suited for readers who are interested to learn operation mechanisms of virtual power plants. The book benefits researchers, engineers, and graduate students in the fields of energy internet, electrical engineering, and business administration, etc.

Integrating Renewables in Electricity Markets

Author : Juan M. Morales
Publisher : Springer Science & Business Media
ISBN 13 : 1461494117
Total Pages : 429 pages
Book Rating : 4.4/5 (614 download)

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Book Synopsis Integrating Renewables in Electricity Markets by : Juan M. Morales

Download or read book Integrating Renewables in Electricity Markets written by Juan M. Morales and published by Springer Science & Business Media. This book was released on 2013-12-03 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: This addition to the ISOR series addresses the analytics of the operations of electric energy systems with increasing penetration of stochastic renewable production facilities, such as wind- and solar-based generation units. As stochastic renewable production units become ubiquitous throughout electric energy systems, an increasing level of flexible backup provided by non-stochastic units and other system agents is needed if supply security and quality are to be maintained. Within the context above, this book provides up-to-date analytical tools to address challenging operational problems such as: • The modeling and forecasting of stochastic renewable power production. • The characterization of the impact of renewable production on market outcomes. • The clearing of electricity markets with high penetration of stochastic renewable units. • The development of mechanisms to counteract the variability and unpredictability of stochastic renewable units so that supply security is not at risk. • The trading of the electric energy produced by stochastic renewable producers. • The association of a number of electricity production facilities, stochastic and others, to increase their competitive edge in the electricity market. • The development of procedures to enable demand response and to facilitate the integration of stochastic renewable units. This book is written in a modular and tutorial manner and includes many illustrative examples to facilitate its comprehension. It is intended for advanced undergraduate and graduate students in the fields of electric energy systems, applied mathematics and economics. Practitioners in the electric energy sector will benefit as well from the concepts and techniques explained in this book.

Variable Generation, Flexible Demand

Author : Fereidoon Sioshansi
Publisher : Academic Press
ISBN 13 : 0128241918
Total Pages : 596 pages
Book Rating : 4.1/5 (282 download)

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Book Synopsis Variable Generation, Flexible Demand by : Fereidoon Sioshansi

Download or read book Variable Generation, Flexible Demand written by Fereidoon Sioshansi and published by Academic Press. This book was released on 2020-11-15 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: Variable Generation, Flexible Demand looks at a future in which power system researchers, operators and analysts need to predict variable renewable generation and schedule demand to match it. Contributors survey the significant expansion in the role of flexible demand in balancing supply and demand in conjunction with flexible generation in ‘peaking plants’ and energy storage as the proportion of variable renewable generation rises in many systems across the world. Supported with case studies, the book examines practical ways that demand flexibility can play a constructive role as more systems move towards higher levels of renewable generation in their electricity mix. Examines practical ways that demand flexibility can play a constructive role in future energy systems Reviews the vital role of market design, business models, enabling technologies, policies and regulation in implementation of flexible demand Includes detailed case studies that address the role of flexible demand across transitioning power markets

Power System Operations and Electricity Markets

Author : Fred I. Denny
Publisher : CRC Press
ISBN 13 : 1420058452
Total Pages : 147 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Power System Operations and Electricity Markets by : Fred I. Denny

Download or read book Power System Operations and Electricity Markets written by Fred I. Denny and published by CRC Press. This book was released on 2017-12-19 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: The electric power industry in the U.S. has undergone dramatic changes in recent years. Tight regulations enacted in the 1970's and then de-regulation in the 90's have transformed it from a technology-driven industry into one driven by public policy requirements and the open-access market. Now, just as the utility companies must change to ensure their survival, engineers and other professionals in the industry must acquire new skills, adopt new attitudes, and accommodate other disciplines. Power System Operations and Electricity Markets provides the information engineers need to understand and meet the challenges of the new competitive environment. Integrating the business and technical aspects of the restructured power industry, it explains, clearly and succinctly, how new methods for power systems operations and energy marketing relate to public policy, regulation, economics, and engineering science. The authors examine the technologies and techniques currently in use and lay the groundwork for the coming era of unbundling, open access, power marketing, self-generation, and regional transmission operations. The rapid, massive changes in the electric power industry and in the economy have rendered most books on the subject obsolete. Based on the authors' years of front-line experience in the industry and in regulatory organizations, Power System Operations and Electricity Markets is current, insightful, and complete with Web links that will help readers stay up to date.

The Economics of Electricity Markets

Author : Darryl R. Biggar
Publisher : John Wiley & Sons
ISBN 13 : 1118775724
Total Pages : 432 pages
Book Rating : 4.1/5 (187 download)

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Book Synopsis The Economics of Electricity Markets by : Darryl R. Biggar

Download or read book The Economics of Electricity Markets written by Darryl R. Biggar and published by John Wiley & Sons. This book was released on 2014-07-10 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bridges the knowledge gap between engineering and economics in a complex and evolving deregulated electricity industry, enabling readers to understand, operate, plan and design a modern power system With an accessible and progressive style written in straight-forward language, this book covers everything an engineer or economist needs to know to understand, operate within, plan and design an effective liberalized electricity industry, thus serving as both a useful teaching text and a valuable reference. The book focuses on principles and theory which are independent of any one market design. It outlines where the theory is not implemented in practice, perhaps due to other over-riding concerns. The book covers the basic modelling of electricity markets, including the impact of uncertainty (an integral part of generation investment decisions and transmission cost-benefit analysis). It draws out the parallels to the Nordpool market (an important point of reference for Europe). Written from the perspective of the policy-maker, the first part provides the introductory background knowledge required. This includes an understanding of basic economics concepts such as supply and demand, monopoly, market power and marginal cost. The second part of the book asks how a set of generation, load, and transmission resources should be efficiently operated, and the third part focuses on the generation investment decision. Part 4 addresses the question of the management of risk and Part 5 discusses the question of market power. Any power system must be operated at all times in a manner which can accommodate the next potential contingency. This demands responses by generators and loads on a very short timeframe. Part 6 of the book addresses the question of dispatch in the very short run, introducing the distinction between preventive and corrective actions and why preventive actions are sometimes required. The seventh part deals with pricing issues that arise under a regionally-priced market, such as the Australian NEM. This section introduces the notion of regions and interconnectors and how to formulate constraints for the correct pricing outcomes (the issue of "constraint orientation"). Part 8 addresses the fundamental and difficult issue of efficient transmission investment, and finally Part 9 covers issues that arise in the retail market. Bridges the gap between engineering and economics in electricity, covering both the economics and engineering knowledge needed to accurately understand, plan and develop the electricity market Comprehensive coverage of all the key topics in the economics of electricity markets Covers the latest research and policy issues as well as description of the fundamental concepts and principles that can be applied across all markets globally Numerous worked examples and end-of-chapter problems Companion website holding solutions to problems set out in the book, also the relevant simulation (GAMS) codes

Provision of Ancillary Services by Distributed Generators

Author : Martin Braun
Publisher : kassel university press GmbH
ISBN 13 : 3899586395
Total Pages : 275 pages
Book Rating : 4.8/5 (995 download)

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Book Synopsis Provision of Ancillary Services by Distributed Generators by : Martin Braun

Download or read book Provision of Ancillary Services by Distributed Generators written by Martin Braun and published by kassel university press GmbH. This book was released on 2009 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Micro and Local Power Markets

Author : Andreas Sumper
Publisher : John Wiley & Sons
ISBN 13 : 1119434505
Total Pages : 282 pages
Book Rating : 4.1/5 (194 download)

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Book Synopsis Micro and Local Power Markets by : Andreas Sumper

Download or read book Micro and Local Power Markets written by Andreas Sumper and published by John Wiley & Sons. This book was released on 2019-07-22 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduces readers to micro and local power markets and their use for local initiatives, grid integration, and future applications This book provides the basis for understanding micro power markets, emphasizing its application for local initiatives, the grid integration of renewable-based generation, and facilitating the decarbonization of the future electrical networks. It gives readers a comprehensive overview of the market operation, and highlights the basis of the design of local and micro markets. Micro and Local Power Markets starts by covering the economics and basic principle of power markets, including the fundamentals of the power trading (for both wholesale and local markets). Following a definition of both micro and local (technical and economic aspects) power markets, the book then looks at the organization of such markets. It describes the design of those power markets, isolated from the wholesale markets, and examines the methodologies of the interaction between these power markets and wholesale markets. The book also presents cognitive business models for micro and local power markets, as well as the regulatory issues concerning them. Introduces the basic principle of power markets Defines micro and local power markets Outlines the design of micro and local power markets, including the principles, as well as the trading schemes, flexibility, and services Discusses methodologies of the interaction between micro and local power markets and wholesale markets Presents business models for micro and local power markets Summarizes regulatory issues around micro and local power markets Micro and Local Power Markets is an ideal book for upper undergraduate students in engineering, as well as for early researchers in the energy sector. It is also recommended for any scientist and engineer being introduced to the field of power systems and their organization.

Virtual Power Plant Solution for Future Smart Energy Communities

Author : Ehsan Heydarian-Forushani
Publisher : CRC Press
ISBN 13 : 1000609715
Total Pages : 263 pages
Book Rating : 4.0/5 (6 download)

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Book Synopsis Virtual Power Plant Solution for Future Smart Energy Communities by : Ehsan Heydarian-Forushani

Download or read book Virtual Power Plant Solution for Future Smart Energy Communities written by Ehsan Heydarian-Forushani and published by CRC Press. This book was released on 2022-07-25 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a general overview of virtual power plants (VPP) as a key technology in future energy communities and active distribution and transmission networks for managing distributed energy resources, providing local and global services, and facilitating market participation of small-scale managing distributed energy resources and prosumers. The book also aims at describing some practical solutions, business models, and novel architectures for the implementation of VPPs in the real world. Each chapter of the book begins with the fundamental structure of the problem required for a rudimentary understanding of the methods described. It provides a clear picture for practical implementation of VPP through novel technologies such as blockchain, digital twin, and distributed ledger technology. The book will help the electrical and power engineers, undergraduate, graduate students, research scholars, and utility engineers to understand the emerging solutions regarding the VPP concept lucidly.

Restructured Electricity Markets

Author : Jim Wells
Publisher : DIANE Publishing
ISBN 13 : 9780756728274
Total Pages : 54 pages
Book Rating : 4.7/5 (282 download)

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Book Synopsis Restructured Electricity Markets by : Jim Wells

Download or read book Restructured Electricity Markets written by Jim Wells and published by DIANE Publishing. This book was released on 2002-11 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fed. Energy Reg. Comm. & 24 states restructured elec. markets by shifting from service provided through a regulated monopoly -- the local elec. utility -- to service provided through open competition among the local utility & its competitors. The restructuring was intended to increase competition & expand consumer choice in order to lead to increased efficiency & lower prices. Citing the importance of quickly adding new power plants (NPP) when needed as a key factor in balancing the supply & demand for elec. in restructured markets, this report compares the experience of Cal. in adding NPP with the experiences of 2 other states -- PA, which operates as part of an innovative regional elec. market, & TX, which has successfully added NPP.

Evolution of Global Electricity Markets

Author : Fereidoon Sioshansi
Publisher : Academic Press
ISBN 13 : 0123979064
Total Pages : 867 pages
Book Rating : 4.1/5 (239 download)

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Book Synopsis Evolution of Global Electricity Markets by : Fereidoon Sioshansi

Download or read book Evolution of Global Electricity Markets written by Fereidoon Sioshansi and published by Academic Press. This book was released on 2013-06-10 with total page 867 pages. Available in PDF, EPUB and Kindle. Book excerpt: Get the latest on rapidly evolving global electricity markets direct from the scholars andthought leaders who are shaping reform. In this volume, dozens of world-class expertsfrom diverse regions provide a comprehensive assessment of the relevant issues intoday’s electricity markets. Amid a seething backdrop of rising energy prices, concerns about environmentaldegradation, and the introduction of distributed sources and smart grids, increasinglystringent demands are being placed on the electric power sector to provide a morereliable, efficient delivery infrastructure, and more rational, cost-reflective prices. Thisbook maps out the electric industry’s new paradigms, challenges and approaches,providing invaluable global perspective on this host of new and pressing issues beinginvestigated by research institutions worldwide. Companies engaged in the powersector’s extensive value chain including utilities, generation, transmission & distributioncompanies, retailers, suppliers, regulators, market designers, and the investment &financial rating community will benefit from gaining a more nuanced understanding ofthe impacts of key market design and restructuring choices. How can problems beavoided? Why do some restructured markets appear to function better than others?Which technological implementations represent the best investments? Whichregulatory mechanisms will best support these new technologies? What lessons canbe learned from experiences in Norway, Australia, Texas, or the U.K.? Thesequestions and many more are undertaken by the brightest minds in the industry in thisone comprehensive, cutting-edge resource. Features a unique global perspective from more than 40 recognized experts and scholars around the world, offering opportunities to compare and contrast a wide range of market structures Analyzes how the implementation of existing and developing market designs impacts real-world issues such as pricing and reliability Explains the latest thinking on timely issues such as current market reform proposals, restructuring, liberalization, privatization, capacity and energy markets, distributed and renewable energy integration, competitive generation and retail markets, and disaggregated vs. vertically integrated systems

Distributed Energy Resources and Virtual Power Plants

Author : Ernesto Garnier
Publisher :
ISBN 13 : 9783942789363
Total Pages : pages
Book Rating : 4.7/5 (893 download)

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Book Synopsis Distributed Energy Resources and Virtual Power Plants by : Ernesto Garnier

Download or read book Distributed Energy Resources and Virtual Power Plants written by Ernesto Garnier and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Innovation and Disruption at the Grid’s Edge

Author : Fereidoon P. Sioshansi
Publisher : Academic Press
ISBN 13 : 012811763X
Total Pages : 460 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis Innovation and Disruption at the Grid’s Edge by : Fereidoon P. Sioshansi

Download or read book Innovation and Disruption at the Grid’s Edge written by Fereidoon P. Sioshansi and published by Academic Press. This book was released on 2017-05-10 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation and Disruption at the Grid’s Edge examines the viable developments in peer-to-peer transactions enabled by open platforms on the grid’s edge. With consumers and prosumers using more electronic platforms to trade surplus electricity from rooftop solar panels, share a storage battery, or use smart gadgets that manage load and self-generation, the grid's edge is becoming crowded. The book examines the growing number of consumers engaging in self-generation and storage, and analyzes the underlying causes and drivers of change, as well as the implications of how the utility sector—particularly the distribution network—should/could be regulated. The book also explores how tariffs are set and revenues are collected to cover both fixed and variable costs in a sustainable way. This reference is useful for anyone interested in the areas of energy generation and regulation, especially stakeholders engaged in the generation, transmission, and distribution of power. Examines the new players that will disrupt the energy grid markets Offers unique coverage of an emerging and unpublished topic Helps the reader understand up-to-date energy regulations and pricing innovations