30 Jul '12, 5am

Virtual Power Plant to Help Integrate Renewable Energy into Grid

Virtual Power Plant to Help Integrate Renewable Energy into Grid

By using a mathematical technique called proper scoring rules (a scoring rule, is a measure of the performance of an entity, be it person or machine, which repeatedly makes decisions under uncertainty), intelligent software agents, representing the individual DERs, are incentivised to report accurate estimates of their electricity production. The researchers devised a scoring rules-based payment mechanism that incentivises the provision of accurate predictions from the CVPPs – and in turn, the member DERs – which aids in the planning of the supply schedule at the Grid. The mechanism guarantees that DERs are rewarded for providing estimates that are both accurate and have a high confidence, ensuring that software agents are given credit for high probability estimates that are close to the realised ones.

Full article: http://cleantechnica.com/2012/07/30/virtual-power-plant-t...

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