Projects per year
Abstract
Aggregation by Virtual Power Plants to provide flexibility to distribution and transmission networks is seen as an important element in the transition to Net-zero. This paper presents work carried out in the SIES 2022 ERA-Net project, which is investigating in detail the possible provision of flexibility by different technologies but thorough a lens of different business models. Thus, presented work relies on the real use cases and associated data. The focus of this work is on the value of different business models associated with a demonstrator plant in East Kilbride Scotland. Using an adapted business model structure with three strategic dimensions, along with a risk/reward portfolio framework, an illustrative case study is used to highlight the business model choices available to a small VPP owner.
Original language | English |
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Pages | 11346 |
Number of pages | 5 |
Publication status | Published - 12 Jun 2023 |
Event | 27th International Conference on Electricity Distribution (CIRED 2023) - Rome, Rome, Italy Duration: 12 Jun 2023 → 15 Jun 2023 http://www.cired2023.org |
Conference
Conference | 27th International Conference on Electricity Distribution (CIRED 2023) |
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Country/Territory | Italy |
City | Rome |
Period | 12/06/23 → 15/06/23 |
Internet address |
Keywords
- VPP
- business models
- valuation
- modelling
- simulation
- virtual power plants
Fingerprint
Dive into the research topics of 'Business models for virtual power plants and their impact on economic operation'. Together they form a unique fingerprint.Projects
- 1 Finished
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SIES 2022: Smart Integrated Energy Systems: Enhanced Virtual Power Plant VPP+ Energy Pool Intergration for Local and Regional Resistance
Tuohy, P. G. (Principal Investigator), Burt, G. (Co-investigator) & Kockar, I. (Co-investigator)
European Commission - Horizon Europe + H2020
14/12/19 → 14/12/22
Project: Research
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Business models for virtual power plants and their impact on economic operation [poster & e-slides]
Howorth, G., Kockar, I., Tuohy, P., Flett, G. & Bingham, J., 12 Jun 2023. 5 p.Research output: Contribution to conference › Poster
Open AccessFile -
Enhanced virtual power plant design and implementation lessons
Howorth, G., Kockar, I., Tuohy, P., Flett, G. & Bingham, J., 12 Jun 2023, p. 11344. 5 p.Research output: Contribution to conference › Paper › peer-review
Open AccessFile -
The impact of forecasting accuracy on the economic performance of flexibility provision
Howorth, G., Kockar, I., Tuohy, P., Flett, G. & Bingham, J., 12 Jun 2023, p. 11481. 5 p.Research output: Contribution to conference › Paper › peer-review
Open AccessFile