Globally, where the closure of coal power plants and the intermittent nature of RES challenge grid operations and stability, VPPs are a promising solution to add flexibility to the grid and solve energy issues of transmission congestion, peak demand, and peak-hour energy prices.
Virtual power plants (VPPs) are an aggregation of decentralized distributed energy resources (DERs), energy storage systems (ESS), and controllable loads, all of which are connected and controlled via a central system of VPP software. The aggregated assets form a single imaginary power plant that can be dispatched during peak demand, eliminating the need for investment in ancillary power generation plants for peak load management. VPP promises significant improvements in grid reliability and resilience and aids in integrating RES into the grid. With other technologies, such as Big Data, the Internet of Things (IoT), and artificial intelligence (AI), VPP can actively manage electricity grids by balancing the demand and supply in the energy market.
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