Optimal Dispatch of Renewable Sources Under Virtual Power Plant

The main grid integrated into renewable energy source can be challenging due to their intermittent and unpredictable nature. However, incorporating battery energy storage systems (BESS) into renewable energy systems can provide several benefits. To fully exploit the advantages of BESS, an optimal energy management strategy is required. The Concept of a Virtual Power Plant (VPP) can combine the strength of renewable energy sources and simplify management for a decentralized energy market. The proposal introduces a new structure for optimal energy management of a Virtual Power Plant. The framework considers important aspects, such as managing the risk associated with renewable energy sources, reducing operating costs, and managing voltage levels within the system. Additionally a stochastic simulation with two stages is created to address the issue of unpredictable Power bills and RES generation. The simulation results indicate that the proposed framework can enhance the system by ensuring energy balance accuracy, reducing energy and maintaining system security. By incorporating the VPP approach and optimal energy management strategies, the integration of renewable energy sources and BESS can be streamlined and made more effective.