Optimal bidding strategy for virtual power plant participating in combined electricity and ancillary services market considering dynamic demand response price and integrated consumption satisfaction
Shufan Mei, Qinliang Tan, Yuan Liu, Anupam Trivedi, Dipti Srinivasan
Topics & Concepts
Demand responseBiddingVirtual power plantProfit (economics)Dispatchable generationEnvironmental economicsElectricity marketElectricityMicroeconomicsBusinessRenewable energyEconomicsIndustrial organizationDistributed generationEngineeringElectrical engineeringSmart Grid Energy ManagementEnergy Efficiency and ManagementBuilding Energy and Comfort Optimization