publication . Preprint . 2015

Market-based Demand Response via Residential Plug-in Electric Vehicles in Smart Grids

Rassaei, Farshad; Soh, Wee-Seng; Chua, Kee-Chaing;
Open Access English
  • Published: 21 Dec 2015
Abstract
Flexibility in power demand, diverse usage patterns and storage capability of plug-in electric vehicles (PEVs) grow the elasticity of residential electricity demand remarkably. This elasticity can be utilized to form the daily aggregated demand profile and/or alter instantaneous demand of a system wherein a large number of residential PEVs share one electricity retailer or an aggregator. In this paper, we propose a demand response (DR) technique to manage vehicle-to-grid (V2G) enabled PEVs' electricity assignments (charging and discharging) in order to reduce the overall electricity procurement costs for a retailer bidding to a two-settlement electricity market,...
Subjects
free text keywords: Mathematics - Optimization and Control
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