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Pool strategy of a producer coordinated with vehicle-to-grid services to maximize profitability
Citation
Tavakoli, A and Negnevitsky, M and Muttaqi, KM, Pool strategy of a producer coordinated with vehicle-to-grid services to maximize profitability, 2015 Australasian Universities Power Engineering Conference (AUPEC), 27-30 September, Wollongong, NSW, pp. 1-6. ISBN 978-1-4799-8725-2 (2015) [Refereed Conference Paper]
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Copyright Statement
Copyright 2015 IEEE
DOI: doi:10.1109/AUPEC.2015.7324868
Abstract
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.
Item Details
| Item Type: | Refereed Conference Paper |
|---|---|
| Keywords: | electricity market equilibrium, electric vehicles, wind power, CVaR, mathematical program with equilibrium constraints (MPEC), mixed-integer linear program (MILP) |
| Research Division: | Engineering |
| Research Group: | Electrical and Electronic Engineering |
| Research Field: | Power and Energy Systems Engineering (excl. Renewable Power) |
| Objective Division: | Energy |
| Objective Group: | Energy Storage, Distribution and Supply |
| Objective Field: | Energy Services and Utilities |
| UTAS Author: | Tavakoli, A (Mr Ahmad Tavakoli) |
| UTAS Author: | Negnevitsky, M (Professor Michael Negnevitsky) |
| ID Code: | 105796 |
| Year Published: | 2015 |
| Deposited By: | Engineering |
| Deposited On: | 2016-01-14 |
| Last Modified: | 2017-11-06 |
| Downloads: | 120 View Download Statistics |
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