Practice and Enlightenment of Australian Virtual Power Plant Participating in Market Operation

Abstract

Under the new power system, the proportion of new energy and new entities continues to grow, new business users are diversified, and the power supply and demand sides exhibit a "double randomness" characteristic. Faced with such challenges, VPP (Virtual Power Plant), as source network load storage integrators that aggregate multiple distributed resources, provide the possibility for the supply-demand balance of the power system. At present, there is no mature operation mode for VPP in China, and they still rely mainly on aggregating load side resources for demand response. This article analyses Australia's participation, trading patterns, and profitability in the electricity market and ancillary services market, summarizes the profit and risk points of VPP in Australia, and proposes relevant suggestions for improving the business model of VPP and promoting their entry into the market in China based on the actual situation.