What is it about?
This paper proposes a methodology to address the trading strategies of a Virtual Power Plant (VPP) in cooperation with its neighbouring VPPs.
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Why is it important?
According to the smart grid concept, the future distribution systems will definitely encompass numerous DERs, and thus the physical connection and commercial contribution among their vicinities will be inevitable. Therefore, from an individual VPP’s viewpoint, the cooperation with neighbouring VPPs would provide a golden opportunity for managing the risk of profit variability and achieving high profits.
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This page is a summary of: Risk-based medium-term trading strategy for a virtual power plant with first-order stochastic dominance constraints , IET Generation Transmission & Distribution, October 2016, the Institution of Engineering and Technology (the IET),
DOI: 10.1049/iet-gtd.2016.1072.
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