109018 20230519145342.0 doi 10.1016/j.rser.2021.111393 sideral 125301 ART-2021-125301 eng Naval, Natalia Universidad de Zaragoza (orcid)0000-0002-1968-6300 Virtual power plant models and electricity markets - A review 2021 Access copy available to the general public Unrestricted In recent years, the integration of distributed generation in power systems has been accompanied by new facility operations strategies. Thus, it has become increasingly important to enhance management capabilities regarding the aggregation of distributed electricity production and demand through different types of virtual power plants (VPPs). It is also important to exploit their ability to participate in electricity markets to maximize operating profits. This review article focuses on the classification and in-depth analysis of recent studies that propose VPP models including interactions with different types of energy markets. This classification is formulated according to the most important aspects to be considered for these VPPs. These include the formulation of the model, techniques for solving mathematical problems, participation in different types of markets, and the applicability of the proposed models to real case studies. From the analysis of the studies, it is concluded that the most recent models tend to be more complete and realistic in addition to featuring greater diversity in the types of electricity markets in which VPPs participate. The aim of this review is to identify the most profitable VPP scheme to be applied in each regulatory environment. It also highlights the challenges remaining in this field of study. info:eu-repo/semantics/openAccess by-nc-nd http://creativecommons.org/licenses/by-nc-nd/3.0/es/ 16.799 2021 ENERGY & FUELS 8 / 119 = 0.067 2021 Q1 T1 GREEN & SUSTAINABLE SCIENCE & TECHNOLOGY 1 / 47 = 0.021 2021 Q1 T1 3.678 2021 Renewable Energy, Sustainability and the Environment 2021 Q1 28.5 2021 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Yusta, Jose M. Universidad de Zaragoza (orcid)0000-0003-3174-9703 5009 535 Universidad de Zaragoza Dpto. Ingeniería Eléctrica Área Ingeniería Eléctrica 149 (2021), 111393 [13 pp] Renew. sustain. energy rev. RENEWABLE & SUSTAINABLE ENERGY REVIEWS 1364-0321 3009717 http://zaguan.unizar.es/record/109018/files/texto_completo.pdf Versión publicada 2624723 http://zaguan.unizar.es/record/109018/files/texto_completo.jpg?subformat=icon icon Versión publicada oai:zaguan.unizar.es:109018 articulos driver 2023-05-18-13:15:31 ARTICLE