Abstract
An aggregator acts as a mediator between the system operator and residential customers, enabling mutually beneficial coordination for electric vehicle (EV) owners and the power system. The aggregator aims to maximize its profits from trading energy and regulation reserve in wholesale markets. Since the aggregator does not own EV batteries, the EV owners must be reimbursed for the degradation of their batteries due to the additional cycling beyond transportation needs. This paper proposes a bidding strategy for the aggregator to maximize its profits from participating in competitive energy and different regulating reserves markets, while compensating EV owners for degradation. The results show that depending on the battery cost, the aggregator splits its resources between the energy and reserves markets. The results also show the system operator attains cost savings, if an aggregator uses EVs to provide services.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
