Optimal Scheduling of Virtual Power Plant Participating in Green Certificate-Carbon Joint Transaction Based on CVaR

QIU Junjie, LIU Min

Distributed Energy ›› 2025, Vol. 10 ›› Issue (5) : 61-71.

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Distributed Energy ›› 2025, Vol. 10 ›› Issue (5) : 61-71. DOI: 10.16513/j.2096-2185.DE.25100088

Optimal Scheduling of Virtual Power Plant Participating in Green Certificate-Carbon Joint Transaction Based on CVaR

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Abstract

With the integration of large-scale, distributed, and diverse distributed resources, virtual power plant (VPP) technology has become a vital tool for effectively managing and optimizing demand-side resources. To better align VPPs with the development needs of China’s new-type power system, this paper proposes an optimal scheduling model for VPPs participating in a green certificate-carbon joint trading mechanism, taking into account uncertainty risks. First, an optimal operation model for a VPP is constructed, consisting of wind turbines, photovoltaic units, gas turbine units, energy storage systems, and flexible load resources on the user side. The objective is to minimize the VPP’s operating cost, considering electricity markets, the green certificate-carbon joint trading mechanism, and incentive-based demand response. Second, multiple uncertainty factors within the VPP, such as generation sources, loads, and demand response, are comprehensively considered, and the conditional value-at-risk (CVaR) theory is applied to quantify the risks associated with these uncertainties. Finally, a case study is introduced to verify the economic and environmental benefits of the proposed model. The inclusion of CVaR also provides a robust decision-making basis for balancing VPP profits and risks.

Key words

virtual power plant (VPP) / multiple uncertainties / green certificate-carbon joint transaction / conditional value-at-risk (CVaR) / optimal operation

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QIU Junjie , LIU Min. Optimal Scheduling of Virtual Power Plant Participating in Green Certificate-Carbon Joint Transaction Based on CVaR[J]. Distributed Energy Resources. 2025, 10(5): 61-71 https://doi.org/10.16513/j.2096-2185.DE.25100088

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Abstract
虚拟电厂(VPP)在新型电力系统中的地位日益凸显,而可聚合分布式能源(DER)的VPP内部风电机组、光伏发电机组的随机性和波动性负荷等不确定因素给VPP的运营决策和收益带来风险。如何建立公平、合理、透明的利益分配机制是成功维护 VPP 内DER合作关系的关键。为了激励VPP内部各主体参与市场的积极性,各主体可根据自身特点与贡献度协商分配收益,构建计及风险偏好的包含风电机组、光伏发电、可控分布式电源、储能及柔性负荷的多主体VPP内部优化调度决策模型,参与电力市场,并建立Nash-Harsanyi讨价还价解的VPP利益分配模型。算例分析以VPP最大化运行效益为目标,指导系统运营策略和降低VPP运行风险水平,验证了所提利益分配法能有效平衡各方利益,量化各DER对VPP利润的实际贡献度,提高各成员参与市场竞争的积极性。采用Nash-Harsanyi解的分配方案在VPP收益分配合理性和适用性方面优于Shapley值法方案。
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Virtual power plants (VPPs) are playing an increasingly prominent role in new power systems, while the operational strategies and revenues of a VPP with distributed energy resources(DERs)are affected by the fluctuated outputs of wind turbines and PV generators in the plant. A fair, reasonable and transparent benefit distribution mechanism is the key to maintaining the cooperation between different DERs in a VPP. To motive various entities in a VPP to participate in trades, the profit is allocated among different entities based on their own characteristics and contributions though consultations. An optimal scheduling and profit distribution strategy is proposed for the VPP integrating wind turbines, PV generators, controllable distributed power suppliers and flexible loads considering their risk preferences. The multi-agent VPP participates in the electricity market (EM),and its profit distribution model is built based on Nash-Hassanyi bargaining solution. A numerical analysis is carried out,aiming to maximize the operational efficiency, guide the operation and reduce the operation risk of the VPP. The results verify that the proposed benefit distribution method can effectively balance the interests of all parties, quantify the actual economic contribution of each DER to the VPP, and improve the willingness of each entity to participate in market competition. The benefit allocation mechanism using Nash-Hassanyi solution is superior to that using Shapley value method in terms of allocation rationality and applicability.

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Funding

Science and Technology Program of Guizhou Province(Qiankehe Support [2021] General 409)
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