| Title |
Analysis of Factors Affecting the Economic Feasibility of a Virtual Power Plant Business Using ESS |
| Authors |
Kyeong-Hwan Kim ; Kyung-Bin Song |
| DOI |
http://doi.org/10.5207/JIEIE.2023.37.4.018 |
| Keywords |
Economic feasibility; ESS; Virtual power plant |
| Abstract |
In order to analyze the economic feasibility of Virtual Power Plant(VPP) business using Energy Storage System(ESS), three major factors were analyzed. The major three factors are the sensitivity to the reduction in ESS and VPP facility investment costs, the sensitivity to the reduction in solar power prediction error, and the economic feasibility of the VPP project compared to Liquefied Natural Gas(LNG) power generation due to the increase in the price of domestic emission credit. If these influencing factors are improved in the direction of enhancing the economic feasibility, the VPP project may be expected to be activated. |