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Pool strategy of a producer coordinated with vehicle-to-grid services to maximize profitability
conference contribution
posted on 2023-05-23, 10:45 authored by Tavakoli, A, Michael NegnevitskyMichael Negnevitsky, Muttaqi, KMThis 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
1-6ISBN
978-1-4799-8725-2Department/School
School of EngineeringPublisher
IEEE-Inst Electrical Electronics Engineers IncPlace of publication
New Jersey, USAEvent title
Australasian Universities Power Engineering Conference (AUPEC)Event Venue
Wollongong, NSWDate of Event (Start Date)
2015-09-27Date of Event (End Date)
2015-09-30Rights statement
Copyright 2015 IEEERepository Status
- Open