HOW VIRTUAL POWER PLANTS BRING FLEXIBILITY INTO POWER MARKETS
The strength a Virtual Power Plant brings is the flexibility that allows for a quick and versatile ability to balance the grid, differentiating it from conventional power plants. Virtual Power Plants react to the constant daily changes of electricity price exchanges, quickly adapting to the existing supply of power in the grid, executing trades.
POWER CONSUMERS IN VIRTUAL POWER PLANTS
Data collected from Virtual Power Plants can help consumers profit from price signals coming from the power exchanges. They can limit their energy consumption to times when electricity is readily available and cheap on the market thus reducing their power costs.
If desired, this consumption optimisation can be fully automated by the Virtual Power Plant. The Virtual Power Plant’s control system sends commands to the company’s control room, fulfilling the individual’s restrictions and only intervening if needed.