Impact Analysis of Price Cap on Bidding Strategies of VPP Considering Imbalance Penalty Structures

Virtual power plants (VPPs) enable the efficient participation of distributed renewable energy resources in electricity markets by aggregating them. However, the profitability of VPPs is challenged by market volatility and regulatory constraints, such as price caps and imbalance penalties. This stud...

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Bibliographic Details
Main Authors: Youngkook Song, Yongtae Yoon, Younggyu Jin
Format: Article
Language:English
Published: MDPI AG 2025-07-01
Series:Energies
Subjects:
Online Access:https://www.mdpi.com/1996-1073/18/15/3927
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