Bidding Strategy of Virtual Power Plant Participating in Electric Market based on Big Data Technology

Jing Wang, Jinshan Li, Jinlong Gao, Ning Su, Dong Zhao, Yanwen Wang

2022

Abstract

In the process of information development, digitization, networking and intelligence are three parallel main lines. Digitalization lays the foundation, networking builds the platform and intelligence shows the ability, which can help human beings better understand complex things and solve difficult problems. Globally, it is becoming a trend to research and develop big data technology, use big data to promote economic development, improve social governance and improve government service. Generally speaking, people’s decision-making process usually includes three basic steps: recognizing the current situation, predicting the future and choosing strategies. According to the load big data analysis of the demand side users, the deep-seated application of predicting the future and guiding practice will become the focus of development. Firstly, we introduce the existing demand response models in detail, and then a two-stage bidding strategy is proposed to predict the future and optimize the system operation in this paper. On the basis of massive data, this paper describes the demand response behavior of a large number of users, and then analyzes their bidding strategies. In the future, with the expansion of application fields, the improvement of technology and the improvement of the open mechanism of data sharing, predictive and guiding applications with greater potential value will be the focus of development.

Paper Citation

in Harvard Style

Wang J., Li J., Gao J., Su N., Zhao D. and Wang Y. (2022). Bidding Strategy of Virtual Power Plant Participating in Electric Market based on Big Data Technology. In Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM, ISBN 978-989-758-593-7, pages 537-542. DOI: 10.5220/0011189800003440

in Bibtex Style

@conference{bdedm22,
author={Jing Wang and Jinshan Li and Jinlong Gao and Ning Su and Dong Zhao and Yanwen Wang},
title={Bidding Strategy of Virtual Power Plant Participating in Electric Market based on Big Data Technology},
booktitle={Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM,},
year={2022},
pages={537-542},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011189800003440},
isbn={978-989-758-593-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM,
TI - Bidding Strategy of Virtual Power Plant Participating in Electric Market based on Big Data Technology
SN - 978-989-758-593-7
AU - Wang J.
AU - Li J.
AU - Gao J.
AU - Su N.
AU - Zhao D.
AU - Wang Y.
PY - 2022
SP - 537
EP - 542
DO - 10.5220/0011189800003440