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The impact of virtual power plant technology composition on wholesale electricity prices: A comparative study of some European Union electricity markets

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  • Moreno, Blanca
  • Díaz, Guzmán

Abstract

Virtual Power Plant combines a wide variety of distributed generation resources and operates them as a unified resource on the energy markets. It gives an economic opportunity to renewable energy-based distributed generation, such as photovoltaic, small hydro or wind, as it can build a bridge to the integration of renewable resources in the wholesale electricity market. In this market, changes in the offers of portfolio electricity technologies affect wholesale electricity prices, since marginal generation costs are transmitted through to the wholesale market.

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  • Moreno, Blanca & Díaz, Guzmán, 2019. "The impact of virtual power plant technology composition on wholesale electricity prices: A comparative study of some European Union electricity markets," Renewable and Sustainable Energy Reviews, Elsevier, vol. 99(C), pages 100-108.
    • Handle: RePEc:eee:rensus:v:99:y:2019:i:c:p:100-108
    DOI: 10.1016/j.rser.2018.09.028
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