Baseer, Muhammad
Unknown Affiliation

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

Optimisation and Management of Virtual Power Plants Energy Mix Trading Model Ullah, Zahid; Mirjat, Nayyar Hussain; Baseer, Muhammad
International Journal of Renewable Energy Development Vol 11, No 1 (2022): February 2022
Publisher : Center of Biomass & Renewable Energy, Diponegoro University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/ijred.2022.39295

Abstract

. In this study, a robust optimisation method (ROM) is proposed with aim to achieve optimal scheduling of virtual power plants (VPPs) in the day-ahead electricity markets where electricity prices are highly uncertain. Our VPP is a collection of various distributed energy resources (DERs), flexible loads, and energy storage systems that are coordinated and operated as a single entity. In this study, an offer and bid-based energy trading mechanism is proposed where participating members in the VPP setting can sell or buy to/from the day-ahead electricity market to maximise social welfare (SW). SW is defined as the maximisation of end-users benefits and minimisation of energy costs. The optimisation problem is solved as a mixed-integer linear programming model taking the informed decisions at various levels of uncertainty of the market prices. The benefits of the proposed approach are consistency in solution accuracy and traceability due to less computational burden and this would be beneficial for the VPP operators. The robustness of the proposed mathematical model and method is confirmed in a case study approach using a distribution system with 18-buses. Simulation results illustrate that in the highest robustness scenario, profit is reduced marginally, however, the VPP showed robustness towards the day-ahead market (DAM) price uncertainty