DocumentCode :
1815264
Title :
Economic analyses of plug-in electric vehicle battery providing ancillary services
Author :
Luo, Zhuowei ; Hu, Zechun ; Song, Yonghua ; Xu, Zhiwei ; Liu, Hui ; Jia, Long ; Lu, Haiyan
fYear :
2012
fDate :
4-8 March 2012
Firstpage :
1
Lastpage :
5
Abstract :
This paper explores the potential financial return for using plug-in electric vehicles (PEVs) as a grid resource. There are two methods for PEVs to provide ancillary services call interruptible load and vehicle to grid The contract market is introduced first, then the method to calculate the cost benefit of plug-in electric vehicles (PEVs) to provide ancillary services are proposed. Additionally, the expected profits and profits of providing the ancillary services when considering the uncertainties of driving behaviors are both calculated and compared. The calculation results indicate that profits of participating in frequency regulation are higher than that of reserve services. When penalty is neglected or the penalty coefficient is low, the revenue of regulation down services is relatively high. However, with the increasing of penalty factor, the profits decrease dramatically. When the penalty coefficient is sufficiently high, participating in regulation up services in V2G mode is most profitable.
Keywords :
battery powered vehicles; cost-benefit analysis; economics; frequency control; investment; load (electric); power grids; profitability; PEV; V2G mode; ancillary services call interruptible load; contract market; cost benefit; driving behavior uncertainty; economic analysis; frequency regulation; grid resource; penalty coefficient; penalty factor; plug-in electric vehicle battery providing ancillary service; potential financial return; regulation down service; regulation up services; Batteries; Contracts; Educational institutions; Electric vehicles; Spinning; Uncertainty; Ancillary services; Cost-benefit analysis; Interruptible load; Plug-in electric vehicles (PEV); Vehicle to grid (V2G);
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Electric Vehicle Conference (IEVC), 2012 IEEE International
Conference_Location :
Greenville, SC
Print_ISBN :
978-1-4673-1562-3
Type :
conf
DOI :
10.1109/IEVC.2012.6183272
Filename :
6183272
Link To Document :
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