Distributed energy resourcesProject AEMO Virtual Power Plant Demonstrations
The purpose of this document is to provide a third update to the Australian Renewable Energy Agency and the industry regarding the Virtual Power Plant (VPP) Demonstrations progress and lessons learnt.
- AEMO has onboarded an additional five participants since July 2020, bringing the total to seven and increasing valuable diversity in technology and location of the VPPs.
- The amount of revenue earnt by VPP participants is strongly correlated to the occurrence of power system events, how responsive they are to market signals, and how many contingency Frequency Control Ancillary Services (FCAS) markets (6 second, 60 second and 5 minute, Raise/Lower) they participate in.
- The VPP industry is becoming more sophisticated, reflected in dynamic switching controllers, response to minimum demand and diversified consumer offerings.