Optimal participation of virtual power plants in the electricity market considering multi-energy systems

dc.contributor.authorJavadi, Mohammad S.
dc.contributor.authorParente, Andre S.
dc.contributor.authorCatalão, João P. S.
dc.contributor.authorOsório, Gerardo J.
dc.date.accessioned2023-11-21T11:36:11Z
dc.date.available2023-11-21T11:36:11Z
dc.date.issued2023-09-27
dc.description.abstractThe growth and modernization of the power system are the keys to enabling economic progress. The deregulation, added to the new emerging production technologies, conversion, and storage, triggered a change in the way of managing the power system worldwide. This work analyses the optimal dispatch of a virtual power plant (VPP) with active participation in the electricity market, considering multi-energy systems. The objective is to minimize the total operating cost of the power plant. The power plant is fed by two external networks: electrical and natural gas. The VPP is composed of energy production, conversion, and storage technologies, also considering the integration of a wind turbine and a set of electric vehicles (EVs). In addition to the Grid-to-Vehicle (G2V) charging, the advantage of Vehicle-to-Grid (V2G) technology is also verified, which allows the injection of power into the grid through the vehicles and Vehicle-to-Load (V2L) technology, enabling EVs to contribute to the satisfaction of the electrical load, reducing the costs, showing the advantages as well of EVs' integration in the VPP under analysis.
dc.identifier.citationJavadi, M. S., Osório, G. J., Parente, A. S., & Catalão, J. P. S. (2023). Optimal participation of virtual power plants in the electricity market considering multi-energy systems. In [Proceedings of the] 2023 International Conference on Smart Energy Systems and Technologies (SEST), Mugla, Turkiye, 4-6 september 2023, (pp. 1-6). IEEE. 10.1109/SEST57387.2023.10257389. Repositório Institucional UPT. https://hdl.handle.net/11328/5223
dc.identifier.isbn979-8-3503-9790-1
dc.identifier.urihttps://hdl.handle.net/11328/5223
dc.language.isoeng
dc.publisherIEEE
dc.relation.hasversionhttps://doi.org/10.1109/SEST57387.2023.10257389
dc.rightsrestricted access
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/
dc.subjectElectric vehicle
dc.subjectEnergy storage system
dc.subjectMulti energy system
dc.subjectRenewable energy
dc.subjectVirtual power plan
dc.subject.fosEngenharia e Tecnologia - Outras Engenharias e Tecnologias
dc.titleOptimal participation of virtual power plants in the electricity market considering multi-energy systems
dc.typeconference paper
dspace.entity.typePublication
oaire.citation.conferenceDate2023-09-06
oaire.citation.conferencePlaceMugla, Turkiye
oaire.citation.endPage6
oaire.citation.startPage1
oaire.citation.title2023 International Conference on Smart Energy Systems and Technologies (SEST)
oaire.versionhttp://purl.org/coar/version/c_970fb48d4fbd8a85
person.affiliation.nameREMIT – Research on Economics, Management and Information Technologies
person.familyNameOsório
person.givenNameGerardo J.
person.identifier.ciencia-idBD19-D0AD-65DB
person.identifier.gsidt13DoaMAAAAJ
person.identifier.orcid0000-0001-8328-9708
person.identifier.ridC-3616-2014
person.identifier.scopus-author-id54783251300
relation.isAuthorOfPublication7ce5da40-610d-4361-a87f-5cbdfe392256
relation.isAuthorOfPublication.latestForDiscovery7ce5da40-610d-4361-a87f-5cbdfe392256

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