Imbalance Minimization in Virtual Power Plants using Industrial Demand Response

Virtual Power Plants can aggregate and dispatch distributed energy sources (DER) to gain revenue in the Day-Ahead market, however as a Balancing Responsible Party they can risk imbalance cost due to deviations between the Day-Ahead forecast and actual production of their renewable energy portfolio. This study analyses the ability of industrial...

Aggregator-mediated demand response: Minimizing imbalances caused by uncertainty of solar generation

The high level of uncertainty of renewable energy sources generation creates differences between electricity supply and demand, endangering the reliable operation of the power system. Demand response has gained significant attention as a means to cope with uncertainty of renewable energy sources. Demand response of residential and service...