Optimal Scheduling Research for Day Ahead Market Transaction of Virtual Power Plant Considering Uncertainty and CVaR

Abstract

Considering the uncertainty of renewable energy generation and the market transaction risk in the day ahead market of virtual power plants, an optimal scheduling model of virtual power plant in the day ahead market was presented. Firstly, this study modeled and analyzed the uncertainty of wind and photovoltaic power generation fluctuations in the virtual power plant. In addition, based on the conditional value at risk theory and the day ahead market clearing rules, the optimal scheduling model of virtual power plants in the day ahead market was established aiming at minimizing the implementation deviation and maximizing the operating income. Finally, the transaction data of a typical region was selected for case study to verify the effectiveness and the feasibility of the optimal scheduling strategy of virtual power plant in day ahead market transaction.