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In this paper, economic simulations of virtual power plants participating on the Swiss balancing market are performed and discussed. The simulations are performed by creating a generic simulation model for balancing markets which account for functions such as bidding, market clearing, delivery of control energy, and others. Several simulations allowed to estimate the opportunity from both the capacity...
The sustained development of renewable electric power sources demands new solutions for the integration of small-scale, distributed and volatile generation with limited predictability into the European energy markets and power grid. The aggregation of multiple distributed energy resources with adjustable loads and energy storage systems on a conceptual level as virtual power plants and on a geographical...
Global trends of worldwide increasing energy demand, growing scarcity of fossil resources and increasing awareness of environment especially CO2 emissions require a rethinking of today's electrical power system. Thus, sustainable electric power generation, whose transmission and distribution gains more and more attention. Hence, a steadily increasing level of renewable energies is noticeable, which...
An efficient ancillary services mechanism implies a good coordination between the regulatory side, transmission system operators and power producers. In continental Europe, ancillary services represent a formal relationship between the actors. The regulatory side establishes recommendations. Transmission system operators adapt them according to the power system specificities and demand the generators...
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