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Virtual Power Plants

  • Juan M. MoralesEmail author
  • Antonio J. Conejo
  • Henrik Madsen
  • Pierre Pinson
  • Marco Zugno
Chapter
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 205)

Abstract

The power systems of the future are expected to rely more and more on small-scale generation sources, flexible loads, and storage units at the distribution level as a way to increase the share of renewable energy in the electricity supply, while ensuring the security, reliability, and integrity of the electrical infrastructure. Owing to their reduced size, number, varied nature, and dispersed character, distributed energy sources are to be operated in aggregations or clusters, which have come to be called Virtual Power Plants (VPP). This chapter first introduces and motivates the concept of a VPP, then provides the basics on the mathematical modeling of its constituent parts, and finally explores, using a battery of illustrative examples, different approaches to efficiently running a VPP that includes weather-driven renewable energy sources.

Keywords

Trading Strategy Stochastic Programming Electricity Market Storage Unit Flexible Load 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 2014

Authors and Affiliations

  • Juan M. Morales
    • 1
    Email author
  • Antonio J. Conejo
    • 2
  • Henrik Madsen
    • 1
  • Pierre Pinson
    • 3
  • Marco Zugno
    • 1
  1. 1.DTU ComputeTechnical University of DenmarkLyngbyDenmark
  2. 2.University of Castilla – La ManchaCiudad RealSpain
  3. 3.DTU ElektroTechnical University of DenmarkLyngbyDenmark

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