TY - GEN
T1 - VPP Participation Models: What is the Objective?
AU - Hale, Elaine
PY - 2024
Y1 - 2024
N2 - Virtual power plants (VPPs) can provide grid services by aggregating and controlling many distributed energy resources. However, their design, operation, level of participation, and outcomes depend on the regulatory and market environments they operate in, DER owner preferences, grid service value, and technical capabilities (e.g., communications, forecasting, controls, user interfaces). Although VPPs are inherently complex, they could enable high shares of behind-the-meter solar plus storage and reduce the cost of electrifying, e.g., personal vehicles and space heating.
AB - Virtual power plants (VPPs) can provide grid services by aggregating and controlling many distributed energy resources. However, their design, operation, level of participation, and outcomes depend on the regulatory and market environments they operate in, DER owner preferences, grid service value, and technical capabilities (e.g., communications, forecasting, controls, user interfaces). Although VPPs are inherently complex, they could enable high shares of behind-the-meter solar plus storage and reduce the cost of electrifying, e.g., personal vehicles and space heating.
KW - demand response
KW - distributed energy resource
KW - participation mechanism
KW - virtual power plant
M3 - Presentation
T3 - Presented at the Energy Systems Integration Group (ESIG) 2024 Spring Technical Workshop, 25-28 March 2024, Tucson, Arizona
ER -