Scheduled System Maintenance:
On Monday, April 27th, IEEE Xplore will undergo scheduled maintenance from 1:00 PM - 3:00 PM ET (17:00 - 19:00 UTC). No interruption in service is anticipated.
By Topic

Exploitation of Electric-Drive Vehicles in Electricity Markets

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

1 Author(s)
Pantos, M. ; Lab. of Power Syst., Univ. of Ljubljana, Ljubljana, Slovenia

The paper presents the optimization algorithm which may eventually be used by electric energy suppliers to coordinate charging and discharging of electric-drive vehicles (EDVs) exploited in electricity markets. The research is focused on a day-ahead market and a provision of system regulation in an ancillary-service market. The proposed optimization minimizes the charging costs that can be partly compensated with profits obtained from participation in the energy markets. Due to the stochastic nature of transportation patterns, the Monte Carlo simulation is applied to model uncertainties presented by numerous scenarios. To reduce the problem complexity, the simulated driving patterns are not individually considered in the optimization but clustered into fleets using the GAMS/SCENRED tool. Uncertainties of energy requirements in the market and energy prices are presented by statistical central moments that are further considered in Hong's 2 - point +1 estimation method in order to define points considered in the optimization. Finally, each energy supplier has to offer competitive energy prices to EDV users for transportation. Due to uncertainties, the final prices cannot be deterministically calculated; thus, the paper proposes the risk-based approach applying value at risk. Case studies illustrate the application of the proposed optimization in achieving competitive prices for EDV users.

Published in:

Power Systems, IEEE Transactions on  (Volume:27 ,  Issue: 2 )