Journal of Modern Power Systems and Clean Energy

ISSN 2196-5625 CN 32-1884/TK

Market Clearing Model for Energy-constrained Virtual Power Plants with Uncertainty Based on Distributionally Robust Chance-constrained Optimization
CSTR:
Author:
Affiliation:

1.School of Electrical Engineering and Automation, Harbin Institute of Technology, Harbin, China;2.State Grid Zhejiang Electric Power Co., Ltd., Ningbo, China;3.School of Automation Science and Engineering, Xi’an Jiaotong University, Xi’an, China

Clc Number:

Fund Project:

This work was supported by the National Natural Science Foundation of China (No. 52407089).

  • Article
  • |
  • Figures
  • |
  • Metrics
  • |
  • Reference
  • |
  • Related
  • |
  • Cited by
  • |
  • Materials
  • |
  • Comments
    Abstract:

    With the increasing number of distributed flexible resources with energy storage capabilities in virtual power plants (VPPs), the traditional market clearing model that only includes quantity and price bids cannot fully unlock their potential flexibility. In light of this, we propose a market clearing model for energy-constrained virtual power plants (EC-VPPs) based on distributionally robust chance-constrained optimization (DRCCO) with moment information. Furthermore, to address the uncertainty of EC-VPPs in the electricity market, a pricing strategy for EC-VPPs is proposed. This strategy helps quantify the impact of uncertainty in EC-VPPs on the system economy. The proposed market clearing model is reformulated as a tractable mixed-integer second-order cone programming (MISOCP) problem via a two-sided distributionally robust chance-constrained convex reformulation method. Numerical simulations verify that the proposed pricing strategy offers fair incentives for both reserve providers and uncertain sources, and delivers an effective market mechanism for the EC-VPPs.

    Reference
    Related
    Cited by
Get Citation
Related Videos

Article Metrics
  • Abstract:
  • PDF:
  • HTML:
  • Cited by:
History
  • Received:July 15,2024
  • Revised:November 17,2024
  • Adopted:
  • Online: December 01,2025
  • Published:
Article QR Code