States Bet on Virtual Power Plants to Cut Grid Costs
Canada’s New Oil Pipeline Challenged by Cold Lake First Nations Felicity Bradstock is a writer and journalist based in Mexico City.
She writes for energy websites and covers several other industries, as well as writing… The United States has shown greater support forvirtual power plants (VPPs)in recent years, as these systems are expanding across various states.
A VPP is a collection ofsmall-scale electricity generation resourcesthat, together, can deliver electricity to the grid.
When coordinated, a group of hundreds or thousands of households and businesses can use the latent potential of their thermostats, electric vehicles (EVs), appliances, batteries, and solar installations to charge or discharge, supporting grid flexibility.
When put together, these can provide many of the same energy services as a conventional power plant.
Technologies such as EVs and chargers, heat pumps, home appliances, HVAC equipment, batteries, plug loads, and industrial mechanical equipment can be combined to create a VPP.
In the United States, the Department of Energy’s (DoE) Loan Programs Office is working tosupportdeployment of VPPs across the country to make the U.S.
grid more flexible, affordable, clean, and resilient as the economy electrifies.
VPPs help address existing energy challenges, including rising costs, interconnection backlogs, peak-demand increases, and distribution-system congestion.
In the northeastern state of Vermont, Green Mountain Power (GMP), the state’s largest utility, hasintroduceda VPP initiative to combat the regular power outages caused byextreme weather events.
The scheme is based on installing two batteries in participants’ homes, at a cost of$55 per monthover a 10-year lease.
This works out cheaper than the average cost of a backup generator.
| Product | Price | Change |
|---|---|---|
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| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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