A Review of VPP Participating in Power Market and Dispatch Control Technology

Abstract

By aggregating the scattered dispatchable resources in power grids through dispatchable resource aggregation technology， coordination and control technology， and power market trading technology， virtual power plants （VPPs） have brought about mutually interactive operation in a friendly manner. Firstly， the paper summarizes the responsiveness assessment technology for dispatchable resource and the differentiated resource aggregation methods for participation in power markets in terms of VPP- aggregated modeling technology. Secondly， it analyzes different modes of VPP resource organization and market participation aimed at demand-side response and power spot market. Lastly， the paper analyzes key issues of VPPs for new power systems and has a full view of risk management， external environment， market promotion， as well as security potentially incurred by multiparty participation.

Keywords

• vpps
• power market
• resource aggregation
• resource pool management
• market-driven