Vehicle-to-Building Is Economically Viable in Regulated Electricity Markets

Vehicle-to-building (V2B) aims at exploiting electric vehicles (EVs) as occasional energy sources for smart buildings. In this paper, we are demonstrating the economic viability of V2B in the context of regulated electricity markets, taking into account the battery wear- out cost and charger inefficiencies. This is made possible thanks to the billing scheme used, which includes strong penalties for power calls exceeding subscribed capacities. Through the optimization of a realistic charging model, our simulations show that a fleet of hundreds of EVs can be charged for free, providing a significant benefit to the owners, while reducing the building's electricity bill.