Impact of minimum bid requirement of Japan's electricity market on virtual power plant's profit

In the context of small-scale virtual power plants (VPPs), the minimum power requirement (MPR) poses a significant challenge for market participation due to the inherent volatility and uncertainty associated with renewable energy sources. To mitigate this, a VPP system can potentially enhance its pr...

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Bibliographic Details
Main Authors: Reza Nadimi, Masahito Takahashi, Koji Tokimatsu, Mika Goto
Format: Article
Language:English
Published: Elsevier 2025-01-01
Series:Heliyon
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2405844025004475
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