@article{MAKHILLIJSSCEA20169528750,
    title = {Optimal Planning for Participating Virtual Power Plant in the
Electricity Market Environment},
    journal = {International Journal of System Signal Control and Engineering Application},
    volume = {9},
    number = {5},
    pages = {133-140},
    year = {2016},
    issn = {1997-5422},
    doi = {ijssceapp.2016.133.140},
    url = {https://makhillpublications.co/view-article.php?issn=1997-5422&doi=ijssceapp.2016.133.140},
    author = {Hamid and},
    keywords = {Virtual power plant,electricity market,uncertainty,wind and solar generator,microgrids,power generation economics},
    abstract = {Today, the virtual power plant concept has received considerable attention by researchers. A virtual
power plant is a set of distributed generations, controllable loads and energy storage systems that are managed
in an integrated manner by a central control system. In this study, a new model for participating of a virtual
power plant in the day-ahead electricity market is proposed. The aim of proposed planning is to
maximize/minimize the virtual power plant’s profit/cost. In this regard, the uncertainties in loads as well as the
generation of wind and solar energy units are modeled well. It has been assumed that the virtual power plant
is connected to a microgrid in the downstream and to a high-voltage grid in the upstream. The proposed method
is simulated on a standard IEEE 33-bus system for two strategies. In the first strategy, planning is performed
without considering uncertainty of parameters. In the second strategy, model outputs are determined
considering uncertainty in generation of the wind unit, generation of the solar unit and the load. Analysis and
comparison of the results indicate the effectiveness of the proposed method.}
    }