VPP Participation in the FCR Cooperation Considering Opportunity Costs

• Type: Article in International Scientific Journal
• Date: 2024

Authors

Ribeiro, FJ (Author) Other; João Peças Lopes (Author) FEUP; Soares, FJ (Author) Other; Madureira, AG (Author) Other

Journal

Title: Applied Sciences

Vol. 14

Final page: 2985

Publisher: MDPI

Indexing

ISI Web of Knowledge - 0 Citations

Scopus - 0 Citations

Other information

Authenticus ID: P-010-BZ4

DOI: 10.3390/app14072985

Abstract (EN): Currently, the transmission system operators (TSOs) from Portugal and Spain do not procure a frequency containment reserve (FCR) through market mechanisms. In this context, a virtual power plant (VPP) that aggregates sources, such as wind and solar power and hydrogen electrolyzers (HEs), would benefit from future participation in this ancillary service market. The methodology proposed in this paper allows for quantifying the revenues of a VPP that aggregates wind and solar power and HEs, considering the opportunity costs of these units when reserving power for FCR participation. The results were produced using real data from past FCR market sessions. Using market data from 2022, a VPP that aggregates half of the HEs and is expected to be connected in the country by 2025 will have revenues over EUR 800k, of which EUR 90k will be HEs revenues.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 23