Study on Shapley method-based benefit allocation models for electric vehicle participation in demand response

In recent years, China’s electricity supply and demand situation has become increasingly tight and demand response needs to be further developed in China in order to secure electricity supply. As the number of electric vehicles in China is gradually increasing, the ability of electric vehicles to participate in demand response is also expanding, however, a benefit allocation model for electric vehicle participation in demand response in the Chinese environment has not yet been developed. This paper first analyzes the current business model of EV participation in demand response in China, and then proposes two benefit allocation model based on the Shapley method, in addition, the effectiveness of two models is investigated.