Abstract

This paper provides a comprehensive exploration of integrating renewable energy sources, focusing on wind, solar, Pumped Hydro and biogas, into power systems. Virtual Power Plants (VPPs) with an Energy Management System (EMS) offer a promising solution for managing these distributed resources. The VPP model, utilizing mixed integer linear programming (MILP) in GAMS and solved with CPLEX, optimizes net daily profit within a 24-hour interval. This approach efficiently allocates resources, maximizes profitability, and ensures stable energy supply, addressing the challenges posed by variable renewable energy outputs. The MILP model is formulated using linear equations and inequalities within GAMS, with the CPLEX solver being effective for handling large-scale linear programming tasks. The model is based on real-world data, including market variability, weather forecasts, and demand patterns, and can be optimized for better decision-making in VPP operations, ultimately maximizing profits while ensuring a stable and sustainable power supply.   

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