Virtual Power Plant as a Tool for Cost-Reflective Network Charging Tariff
Keywords:Energy management, Demand side management, Distributed power generation, Virtual power plants
This paper presents a novel approach to applying the Virtual Power Plant (VPP) concept and for the Cost-Reflective Network Charging Tariff. The paper proposes an innovative energy trade concept based on current research and literature analysis. The technical novelty of the paper is motivated by reviewing the current developments in the Lithuanian renewable energy sector and related research on VPPs and cost-reflective pricing. The components of the VPP, including balancing of generation and consumption profiles, load forecasting, and solar generation predicted, are thoroughly described, along with a method for determining the network and VPP costs. An optimisation algorithm for cost optimisation is also presented. The paper concludes by demonstrating the implementation and operation of the EA-SAS Cloud Virtual Power Plant platform, which represents a significant contribution to the field of smart energy management.
How to Cite
The copyright for the paper in this journal is retained by the author(s) with the first publication right granted to the journal. The authors agree to the Creative Commons Attribution 4.0 (CC BY 4.0) agreement under which the paper in the Journal is licensed.
By virtue of their appearance in this open access journal, papers are free to use with proper attribution in educational and other non-commercial settings with an acknowledgement of the initial publication in the journal.
EEA Grants/Norway Grants
Grant numbers Grant No. LT-07-1-EIM-K01-00