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Solar commercial virtual power plant

Brecht Zwaenepoel (UGent) , Joannes Laveyne (UGent) , Lieven Vandevelde (UGent) , Tine Vandoorn (UGent) , Bart Meersman (UGent) and Greet Van Eetvelde (UGent)
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Abstract
Installed photo voltaic energy grew exponentially during the last decade. One of the driving forces was the often generous governmental support. In Belgium (Flanders) for example, investors could acquire green power certificates worth €450/MWh during several years. However, due to the large boom of solar plants and hence rising subsidy cost, governments are dropping this support (eg. €450/MWh in 2009 to €90/MWh in 2012 for Flanders). In this paper the authors investigate if solar energy can become more profitable if forces are joined in a Commercial Virtual Power Plant to sell the solar power on the wholesale market. The numbers are based on the Flemish region, however, the same procedure can be applied to other markets as well. It turned out that for existing installations the potential benefits are marginal due to the small share of the energy revenue compared to the subsidy revenue in the total income of a solar plant. However, lower subsidies and coupling with other production resources and (flexible) consumers promise to be more profitable, although this needs more investigation.
Keywords
Solar energy, Market integration, Virtual Power Plants

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Please use this url to cite or link to this publication:

Chicago
Zwaenepoel, Brecht, Joannes Laveyne, Lieven Vandevelde, Tine Vandoorn, Bart Meersman, and Greet Van Eetvelde. 2013. “Solar Commercial Virtual Power Plant.” In 2013 IEEE Power and Energy Society General Meeting. New York, NY, USA: IEEE.
APA
Zwaenepoel, B., Laveyne, J., Vandevelde, L., Vandoorn, T., Meersman, B., & Van Eetvelde, G. (2013). Solar commercial virtual power plant. 2013 IEEE Power and Energy Society General Meeting. Presented at the 2013 IEEE Power and Energy Society General Meeting, New York, NY, USA: IEEE.
Vancouver
1.
Zwaenepoel B, Laveyne J, Vandevelde L, Vandoorn T, Meersman B, Van Eetvelde G. Solar commercial virtual power plant. 2013 IEEE Power and Energy Society General Meeting. New York, NY, USA: IEEE; 2013.
MLA
Zwaenepoel, Brecht, Joannes Laveyne, Lieven Vandevelde, et al. “Solar Commercial Virtual Power Plant.” 2013 IEEE Power and Energy Society General Meeting. New York, NY, USA: IEEE, 2013. Print.
@inproceedings{3157922,
  abstract     = {Installed photo voltaic energy grew exponentially during the last decade. One of the driving forces was the often generous governmental support. In Belgium (Flanders) for example, investors could acquire green power certi\unmatched{fb01}cates worth {\texteuro}450/MWh during several years. However, due to the large boom of solar plants and hence rising subsidy cost, governments are dropping this support (eg. {\texteuro}450/MWh in 2009 to {\texteuro}90/MWh in 2012 for Flanders). In this paper the authors investigate if solar energy can become more pro\unmatched{fb01}table if forces are joined in a Commercial Virtual Power Plant to sell the solar power on the wholesale market. The numbers are based on the Flemish region, however, the same procedure can be applied to other markets as well. It turned out that for existing installations the potential bene\unmatched{fb01}ts are marginal due to the small share of the energy revenue compared to the subsidy revenue in the total income of a solar plant. However, lower subsidies and coupling with other production resources and (\unmatched{fb02}exible) consumers promise to be more pro\unmatched{fb01}table, although this needs more investigation.},
  author       = {Zwaenepoel, Brecht and Laveyne, Joannes and Vandevelde, Lieven and Vandoorn, Tine and Meersman, Bart and Van Eetvelde, Greet},
  booktitle    = {2013 IEEE Power and Energy Society General Meeting},
  isbn         = {9781479913039},
  issn         = {1944-9925},
  keyword      = {Solar energy,Market integration,Virtual Power Plants},
  language     = {eng},
  location     = {Vancouver, BC, Canada},
  pages        = {5},
  publisher    = {IEEE},
  title        = {Solar commercial virtual power plant},
  year         = {2013},
}

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