Energy storage plant bidding

Can a virtual power plant be a prosumer?

Abstract: As an aggregator involved in various renewable energy sources, energy storage systems, and loads, a virtual power plant (VPP) plays a key role as a prosumer. A VPP may enable itself to supply energy and ancillary services to the utility grid. This paper proposes a novel scheme for optimizing the operation and bidding strategy of VPPs.

How can a VPP optimize the operation and bidding strategy?

A VPP may enable itself to supply energy and ancillary services to the utility grid. This paper proposes a novel scheme for optimizing the operation and bidding strategy of VPPs. By scheduling the energy storage systems, demand response, and renewable energy sources, VPPs can join bidding markets to achieve maximum benefits.

Is Auto-bidding the future of energy storage?

Integrating auto-bidding into the operation of renewable energy and energy storage assets unlocks a part of the electricity market value chain previously unavailable to them. It is a sign of maturation and sophistication for the ever-growing energy storage market.

Can Auto-bidding help power generators squeeze more value out of energy storage?

Power generators are looking for new, innovative ways to squeeze more value out of their energy storage assets. Integrating auto-bidding into the operation of renewable energy and energy storage assets unlocks a part of the electricity market value chain previously unavailable to them.

How can VPPs join bidding markets?

By scheduling the energy storage systems, demand response, and renewable energy sources, VPPs can join bidding markets to achieve maximum benefits. The potential uncertainties caused by renewable energy sources and the demand response are considered in a robust optimization model.

Is energy storage the answer to time-shifting arbitrage?

But these companies are coming to realize that with the limited merchant risk they carry, energy storage combined with automated market bidding can allow them to maximize revenue through these time-shifting arbitrage opportunities while minimizing risks associated with PPA obligations.