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BRIEF RESEARCH REPORT article

Front. Energy Res.
Sec. Sustainable Energy Systems
Volume 12 - 2024 | doi: 10.3389/fenrg.2024.1473180
This article is part of the Research Topic Advanced Modeling and Methods for Renewable-dominated Power Systems Operations under Multiple Uncertainties View all articles

A Joint Market Temporal Rolling Bidding Strategy for VPP in the Wholesale Market

Provisionally accepted
Tian Mao Tian Mao 1Hanyang Lin Hanyang Lin 2*Renli Cheng Renli Cheng 3Jiangnan Li Jiangnan Li 3Baorong Zhou Baorong Zhou 1Wenmeng Zhao Wenmeng Zhao 1Tao Wang Tao Wang 1
  • 1 Electric Power Research Institute of China South Power Grid, Guangzhou, China
  • 2 Tsinghua University, Beijing, China
  • 3 Shenzhen Power Supply Company, Shenzhen, China

The final, formatted version of the article will be published soon.

    Massive and diversified distributed energy resources (DERs) have great potential in improving the flexibility of power system operation. However, due to the characteristics of wide distribution, small capacity, and different ownership subjects of DERs, Virtual Power Plants (VPPs) are suitable for aggregating these flexible DERs to participate in the wholesale market. Existing studies focus on how to obtain the bidding strategy in multiple electricity markets. There are shortcomings in the relevant market mechanisms and temporal relationship for participating in energy and ancillary service markets. This paper propose a joint market temporal rolling bidding strategy for VPPs in the wholesale market based on the real market mechanisms of the unified electricity markets in the southern region of China. Based on the proposed method, it can enhance the market-oriented operation profits of VPPs.

    Keywords: Bidding strategy, Distributed energy resources, electricity market, Virtual power plants, Market mechanism

    Received: 30 Jul 2024; Accepted: 09 Sep 2024.

    Copyright: © 2024 Mao, Lin, Cheng, Li, Zhou, Zhao and Wang. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

    * Correspondence: Hanyang Lin, Tsinghua University, Beijing, China

    Disclaimer: All claims expressed in this article are solely those of the authors and do not necessarily represent those of their affiliated organizations, or those of the publisher, the editors and the reviewers. Any product that may be evaluated in this article or claim that may be made by its manufacturer is not guaranteed or endorsed by the publisher.