University of Tasmania
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Pool strategy of a producer coordinated with vehicle-to-grid services to maximize profitability

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conference contribution
posted on 2023-05-23, 10:45 authored by Tavakoli, A, Michael NegnevitskyMichael Negnevitsky, Muttaqi, KM
This paper investigates the impact of coordinating vehicle-to-grid (V2G) services with a producer on the price amounts and the market outcomes. A stochastic intra-hour bilevel model is developed for an electricity pool including the day-ahead and real-time markets. The conditional value at risk (CVaR) function takes into account to control high trading risks which are arisen from uncertainties due to high wind penetration and EVs. The problem is formulated from a mathematical program with equilibrium constraints (MPEC) to a mixed-integer linear program (MILP). The simulation results demonstrate the benefits of coordinating V2G services with a strategic producer for the increasing profitability, social welfare and optimizing EV charging profiles.

History

Publication title

2015 Australasian Universities Power Engineering Conference (AUPEC)

Pagination

1-6

ISBN

978-1-4799-8725-2

Department/School

School of Engineering

Publisher

IEEE-Inst Electrical Electronics Engineers Inc

Place of publication

New Jersey, USA

Event title

Australasian Universities Power Engineering Conference (AUPEC)

Event Venue

Wollongong, NSW

Date of Event (Start Date)

2015-09-27

Date of Event (End Date)

2015-09-30

Rights statement

Copyright 2015 IEEE

Repository Status

  • Open

Socio-economic Objectives

Energy services and utilities