Research Article
Virtual Power Plants (VPPs): Market Mechanisms and Applications in China
@INPROCEEDINGS{10.4108/eai.23-2-2024.2345882, author={Wenzhen Zhang and Zekang Lin and Yu Tang and Yonghong Li and Mengdi Zeng}, title={Virtual Power Plants (VPPs): Market Mechanisms and Applications in China}, proceedings={Proceedings of the 4th International Conference on Informatization Economic Development and Management, IEDM 2024, February 23--25, 2024, Kuala Lumpur, Malaysia}, publisher={EAI}, proceedings_a={IEDM}, year={2024}, month={5}, keywords={virtual power plant; demand response; peak regulation ancillary service market; frequency regulation ancillary service market}, doi={10.4108/eai.23-2-2024.2345882} }- Wenzhen Zhang
Zekang Lin
Yu Tang
Yonghong Li
Mengdi Zeng
Year: 2024
Virtual Power Plants (VPPs): Market Mechanisms and Applications in China
IEDM
EAI
DOI: 10.4108/eai.23-2-2024.2345882
Abstract
Growing penetration rate of renewable energy in China’s electricity system results in the decrease of grid flexibility. And virtual power plant (VPP) as a promising solution is drawing growing attention. However, as VPP is in the early development stage in China, the mechanisms that VPPs can apply are yet limited. This paper reviews the current market mechanisms for VPP to participate in China, and investigates several application cases with different proceeding emphasis, and concludes that ancillary service market is a more effective way to promote VPP development at current stage.
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