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A Case Study on Distributed Energy Resources and Energy-Storage Systems in a Virtual Power Plant Concept: Economic Aspects

Author

Listed:
  • Tomasz Sikorski

    (Faculty of Electrical Engineering, Wroclaw University of Science and Technology, 50-370 Wroclaw, Poland)

  • Michał Jasiński

    (Faculty of Electrical Engineering, Wroclaw University of Science and Technology, 50-370 Wroclaw, Poland)

  • Edyta Ropuszyńska-Surma

    (Faculty of Computer Science and Management, Wroclaw University of Science and Technology, 50-370 Wroclaw, Poland)

  • Magdalena Węglarz

    (Faculty of Computer Science and Management, Wroclaw University of Science and Technology, 50-370 Wroclaw, Poland)

  • Dominika Kaczorowska

    (Faculty of Electrical Engineering, Wroclaw University of Science and Technology, 50-370 Wroclaw, Poland)

  • Paweł Kostyła

    (Faculty of Electrical Engineering, Wroclaw University of Science and Technology, 50-370 Wroclaw, Poland)

  • Zbigniew Leonowicz

    (Faculty of Electrical Engineering, Wroclaw University of Science and Technology, 50-370 Wroclaw, Poland)

  • Robert Lis

    (Faculty of Electrical Engineering, Wroclaw University of Science and Technology, 50-370 Wroclaw, Poland)

  • Jacek Rezmer

    (Faculty of Electrical Engineering, Wroclaw University of Science and Technology, 50-370 Wroclaw, Poland)

  • Wilhelm Rojewski

    (Faculty of Electrical Engineering, Wroclaw University of Science and Technology, 50-370 Wroclaw, Poland)

  • Marian Sobierajski

    (Faculty of Electrical Engineering, Wroclaw University of Science and Technology, 50-370 Wroclaw, Poland)

  • Jarosław Szymańda

    (Faculty of Electrical Engineering, Wroclaw University of Science and Technology, 50-370 Wroclaw, Poland)

  • Daniel Bejmert

    (TAURON Ekoenergia Ltd, 58-500 Jelenia Góra, Poland)

  • Przemysław Janik

    (TAURON Ekoenergia Ltd, 58-500 Jelenia Góra, Poland)

Abstract

This paper analyzes the technical and economic possibilities of integrating distributed energy resources (DERs) and energy-storage systems (ESSs) into a virtual power plant (VPP) and operating them as a single power plant. The purpose of the study is to assess the economic efficiency of the VPP model, which is influenced by several factors such as energy price and energy production. Ten scenarios for the VPP were prepared on the basis of the installed capacities of a hydropower plant (HPP), rooftop solar photovoltaic (PV), and energy-storage system (ESS), as well as weather conditions, in Poland. On the basis of technical conditions, it was assumed that the maximum power capacity of the ESS equaled 1.5 MW. The economic efficiency analysis presented in this paper demonstrated that, in seven years, the VPP will achieve a positive value of the net present value (NPV) for a scenario with 0.5 MW battery storage and rainy summers. Furthermore, sensitivity analysis was conducted on price factors and DER production volume. The price variable had a major impact on the NPV value for all scenarios. The scenario with a 0.5 MW battery and typical summers was highly sensitive to all factors, and its sensitivity decreased as the ESS capacity grew from 0.5 to 1.5 MW.

Suggested Citation

  • Tomasz Sikorski & Michał Jasiński & Edyta Ropuszyńska-Surma & Magdalena Węglarz & Dominika Kaczorowska & Paweł Kostyła & Zbigniew Leonowicz & Robert Lis & Jacek Rezmer & Wilhelm Rojewski & Marian Sobi, 2019. "A Case Study on Distributed Energy Resources and Energy-Storage Systems in a Virtual Power Plant Concept: Economic Aspects," Energies, MDPI, vol. 12(23), pages 1-21, November.
    • Handle: RePEc:gam:jeners:v:12:y:2019:i:23:p:4447-:d:289837
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    Cited by:

    1. Tomasz Sikorski & Michal Jasiński & Edyta Ropuszyńska-Surma & Magdalena Węglarz & Dominika Kaczorowska & Paweł Kostyla & Zbigniew Leonowicz & Robert Lis & Jacek Rezmer & Wilhelm Rojewski & Marian Sobi, 2020. "A Case Study on Distributed Energy Resources and Energy-Storage Systems in a Virtual Power Plant Concept: Technical Aspects," Energies, MDPI, vol. 13(12), pages 1-30, June.
    2. Rasool Bukhsh & Muhammad Umar Javed & Aisha Fatima & Nadeem Javaid & Muhammad Shafiq & Jin-Ghoo Choi, 2020. "Cost Efficient Real Time Electricity Management Services for Green Community Using Fog," Energies, MDPI, vol. 13(12), pages 1-23, June.
    3. Eleonora Achiluzzi & Kirushaanth Kobikrishna & Abenayan Sivabalan & Carlos Sabillon & Bala Venkatesh, 2020. "Optimal Asset Planning for Prosumers Considering Energy Storage and Photovoltaic (PV) Units: A Stochastic Approach," Energies, MDPI, vol. 13(7), pages 1-20, April.
    4. Jiang, Jianhua & Zhou, Renjie & Xu, Hao & Wang, Hao & Wu, Ping & Wang, Zhuo & Li, Jian, 2022. "Optimal sizing, operation strategy and case study of a grid-connected solid oxide fuel cell microgrid," Applied Energy, Elsevier, vol. 307(C).
    5. Michał Jasiński & Tomasz Sikorski & Dominika Kaczorowska & Jacek Rezmer & Vishnu Suresh & Zbigniew Leonowicz & Paweł Kostyła & Jarosław Szymańda & Przemysław Janik & Jacek Bieńkowski & Przemysław Prus, 2021. "A Case Study on Data Mining Application in a Virtual Power Plant: Cluster Analysis of Power Quality Measurements," Energies, MDPI, vol. 14(4), pages 1-14, February.
    6. Uniejewski, Bartosz & Weron, Rafał, 2021. "Regularized quantile regression averaging for probabilistic electricity price forecasting," Energy Economics, Elsevier, vol. 95(C).
    7. Mohammad Mohammadi Roozbehani & Ehsan Heydarian-Forushani & Saeed Hasanzadeh & Seifeddine Ben Elghali, 2022. "Virtual Power Plant Operational Strategies: Models, Markets, Optimization, Challenges, and Opportunities," Sustainability, MDPI, vol. 14(19), pages 1-23, September.
    8. Piotr F. Borowski, 2020. "Zonal and Nodal Models of Energy Market in European Union," Energies, MDPI, vol. 13(16), pages 1-21, August.
    9. Shahid Nawaz Khan & Syed Ali Abbas Kazmi & Abdullah Altamimi & Zafar A. Khan & Mohammed A. Alghassab, 2022. "Smart Distribution Mechanisms—Part I: From the Perspectives of Planning," Sustainability, MDPI, vol. 14(23), pages 1-109, December.
    10. Zita Vale & Pedro Faria & Omid Abrishambaf & Luis Gomes & Tiago Pinto, 2021. "MARTINE—A Platform for Real-Time Energy Management in Smart Grids," Energies, MDPI, vol. 14(7), pages 1-18, March.
    11. Ning Zhang & Hongcai Dai & Yaohua Wang & Yunzhou Zhang & Yuqing Yang, 2021. "Power system transition in China under the coordinated development of power sources, network, demand response, and energy storage," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 10(2), March.
    12. Christopher Kath & Weronika Nitka & Tomasz Serafin & Tomasz Weron & Przemysław Zaleski & Rafał Weron, 2020. "Balancing Generation from Renewable Energy Sources: Profitability of an Energy Trader," Energies, MDPI, vol. 13(1), pages 1-15, January.
    13. Michal Jasiński & Tomasz Sikorski & Dominika Kaczorowska & Jacek Rezmer & Vishnu Suresh & Zbigniew Leonowicz & Paweł Kostyla & Jarosław Szymańda & Przemysław Janik, 2020. "A Case Study on Power Quality in a Virtual Power Plant: Long Term Assessment and Global Index Application," Energies, MDPI, vol. 13(24), pages 1-20, December.
    14. Dominika Kaczorowska & Jacek Rezmer & Michal Jasinski & Tomasz Sikorski & Vishnu Suresh & Zbigniew Leonowicz & Pawel Kostyla & Jaroslaw Szymanda & Przemyslaw Janik, 2020. "A Case Study on Battery Energy Storage System in a Virtual Power Plant: Defining Charging and Discharging Characteristics," Energies, MDPI, vol. 13(24), pages 1-22, December.
    15. Christopher Kath & Weronika Nitka & Tomasz Serafin & Tomasz Weron & Przemyslaw Zaleski & Rafal Weron, 2019. "Balancing RES generation: Profitability of an energy trader," HSC Research Reports HSC/19/07, Hugo Steinhaus Center, Wroclaw University of Technology.
    16. Huiru Zhao & Chao Zhang & Yihang Zhao & Xuejie Wang, 2022. "Low-Carbon Economic Dispatching of Multi-Energy Virtual Power Plant with Carbon Capture Unit Considering Uncertainty and Carbon Market," Energies, MDPI, vol. 15(19), pages 1-25, October.
    17. Carlo Baron & Ameena S. Al-Sumaiti & Sergio Rivera, 2020. "Impact of Energy Storage Useful Life on Intelligent Microgrid Scheduling," Energies, MDPI, vol. 13(4), pages 1-23, February.
    18. Omid Abrishambaf & Pedro Faria & Zita Vale, 2020. "Ramping of Demand Response Event with Deploying Distinct Programs by an Aggregator," Energies, MDPI, vol. 13(6), pages 1-18, March.
    19. Rafał Trzaska & Adam Sulich & Michał Organa & Jerzy Niemczyk & Bartosz Jasiński, 2021. "Digitalization Business Strategies in Energy Sector: Solving Problems with Uncertainty under Industry 4.0 Conditions," Energies, MDPI, vol. 14(23), pages 1-21, November.
    20. Hengyu Liu & Qingqi Zhao & Yang Liu & Zuoxia Xing & Dawei Hu & Pengfei Zhang & Zhi Zhang & Jiazheng Sun, 2023. "A Multi-Subject Game-Based Operation Strategy for VPPs Integrating Wind-Solar-Storage," Sustainability, MDPI, vol. 15(7), pages 1-18, April.
    21. Eerika Janhunen & Niina Leskinen & Seppo Junnila, 2020. "The Economic Viability of a Progressive Smart Building System with Power Storage," Sustainability, MDPI, vol. 12(15), pages 1-18, July.
    22. Katarzyna Maciejowska & Bartosz Uniejewski & Rafa{l} Weron, 2022. "Forecasting Electricity Prices," Papers 2204.11735, arXiv.org.

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