For decades utilities have used demand response (DR) and distributed energy resources (DERs) to reduce peak demand, reduce coincident peaks, manage circuit-specific issues, and support the grid during emergencies. In this new energy economy, virtual power plants (VPPs) enable energy companies to integrate multi-asset DERs into wholesale markets. This strategic shift from offense to defense opens opportunities for additional value streams, greater flexibility, better reserve margins, and reduced emissions.
This whitepaper details how VPP platforms seamlessly orchestrate disparate DERs into single dispatchable resources, covering:
- How each resource type deploys into the market
- The pricing strategy for each resource type
- Creating resource stack for optimal economic dispatch
- Integrating constraints into the resource stack
- Automating the re-creation of the resource stack to enable daily or hourly adjustment