The Optimal Configuration Scheme of the Virtual Power Plant Considering Benefits and Risks of Investors

Jingmin Wang, Wenhai Yang, Huaxin Cheng, Lingyu Huang and Yajing Gao
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Jingmin Wang: School of Economics and Management, North China Electric Power University, Baoding 071003, China
Wenhai Yang: School of Economics and Management, North China Electric Power University, Baoding 071003, China
Huaxin Cheng: State Grid Longyan Electric Power Company, Longyan 364000, China
Lingyu Huang: State Grid Longyan Electric Power Company, Longyan 364000, China
Yajing Gao: School of Electrical and Electronic Engineering, North China Electric Power University, Baoding 071003, China

Energies, 2017, vol. 10, issue 7, 1-12

Abstract: A virtual power plant (VPP) is a special virtual unit that integrates various distributed energy resources (DERs) distributed in the generation and consumption sides. The optimal configuration scheme of the VPP needs to break the geographical restrictions to make full use of DERs, considering the uncertainties. First, the components of the DERs and the structure of the VPP are briefly introduced. Next, the cubic exponential smoothing method is adopted to predict the VPP load requirement. Finally, the optimal configuration of the DER capacities inside the VPP is calculated by using portfolio theory and genetic algorithms (GA). The results show that the configuration scheme can optimize the DER capacities considering uncertainties, guaranteeing economic benefits of investors, and fully utilizing the DERs. Therefore, this paper provides a feasible reference for the optimal configuration scheme of the VPP from the perspective of investors.

Keywords: virtual power plant; distributed energy resources; optimal configuration; portfolio theory; genetic algorithm (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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