VPPs information needs for effective operation in competitive electricity markets

Morais, H.; Cardoso, Marilio; Castanheira, Luís; Vale, Zita; Praça, Isabel

http://hdl.handle.net/10400.22/1358

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Abstract(s)

The large increase of renewable energy sources and Distributed Generation (DG) of electricity gives place to the Virtual Power Producer (VPP) concept. VPPs may turn electricity generation by renewable sources valuable in electricity markets. Information availability and adequate decision-support tools are crucial for achieving VPPs’ goals. This involves information concerning associated producers and market operation. This paper presents ViProd, a simulation tool that allows simulating VPPs operation, focusing mainly in the information requirements for adequate decision making.