Abstract
A virtual power plant (VPP) comprises decentralized generation integrated with energy storage and intermittent loads. Such a plant is an independently-controlled single production unit for the electrical grid and market. Frequency changes and power supply interruption are among the several scenarios that lead to peak grid loading. Considering the material and financial challenges, it is necessary to determine an optimal resource scheduling solution; VPP can address these challenges. This study evaluated two different domestic-sector situations in Iraq. MATLAB Simulink was used to simulate a VPP test system comprising loads, energy storage technology, and distributed generation. An analysis of the economic aspects concerning the network and involved resources was performed. The outcomes indicated that home electricity bills reduced by up to 50%. Simulations suggest that using VPP is beneficial as against distribution generators (DG) systems relying solely on intermittent renewable power generation.
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