Impacts of virtual power plant auctions on the Greek electricity market
Datum
2016Language
en
Schlagwort
Zusammenfassung
Over the last 15 years, Virtual Power Plant (VPP) products have created significant interest and have become a popular instrument of competition policy. In this paper we present a high-level design of VPP products and auctions and a brief review of the international experience. We consider the application of VPPs in the Greek electricity market, intended to facilitate the opening of the retail market. We simulate the day-ahead market for a yearly period and discuss the results. We are mainly interested in the change of the incumbent's bidding behaviour as a result of the retail market opening and its impact on the market outcome.
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