Dynamic response price of energy storage power station

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What is dynamic Dr Price mechanism?

While under the dynamic DR price mechanism, the high and low periods of the response price correspond to the low and high periods of the renewable energy output. The consumers shift load from low renewable energy output periods at high price to high renewable energy output periods at low price.

Do dynamic response prices affect VPP's profit and consumers' satisfaction?

The results show that: (1) Compared to time of use prices, VPP's profit and consumers' satisfaction level increased by 12.46% and 3.26% respectively under dynamic response prices. (2) The increase in the market profit of VPP is accompanied by a gradual decline in integrated consumption satisfaction.

Why is dynamic Dr Price better than fixed tou price?

At the same time, the dynamic DR price based on the uncertainty of renewable energy output can better optimize resource allocation than the fixed TOU price based on load characteristics. It is more effective in reducing the difference between peak and valley for consumers as well as the difference between supply and demand for VPP.

How much does the peak-valley difference decrease under dynamic Dr Price mechanism?

The peak-valley difference is dropped from 17.36 MW to 15.34 MW, decreasing by 11.64% and the peak-valley ratio is dropped from 2.61 to 2.34, decreasing by 10.34%. In contrast, the peak-valley difference and ratio under the dynamic DR price mechanism fell by only 5.13% and 7.66% respectively.

How do you calculate dynamic Dr Price?

Based on the output characteristics of renewable energy, the dynamic DR price is obtained by setting both interval parameters to 0.8, as shown in Fig. 4. The fixed price is the price at which the VPP sells electricity to consumers when it does not implement DR. The TOU price is the traditional peak-to-valley price mechanism.

How does pbdR affect the trading ability of VPP in electricity market?

DR not only provides ancillary services but also affects the trading ability of VPP in the electricity market. For PBDR, the VPP can regulate dispatchable load from the high price period to the low-price period in the electricity market, thereby increasing electricity sales in high price periods.