Quantifying the impact of electricity pricing on electric vehicle user behavior: a V2G perspective for smart grid development

Abstract

ABSTRACT This research introduces an innovative analytical framework for studying the behavior of electric vehicles (EVs) in power grids. The approach primarily examines the dynamic State of Charge (SOC) and energy reserves of EV batteries. By thoroughly examining patterns of EV charging demand and operational states (charging, discharging, idling, and waiting) across various time intervals, including day and night periods, this study aims to provide a comprehensive understanding of EV dynamic behavior in power networks. The proposed model goes beyond traditional assessments by incorporating human behavioral patterns and responsiveness to economic signals, specifically investigating the impact of electricity pricing on user behavior. The core analysis centers on exploring the Vehicle-to-Grid (V2G) concept, viewing EVs not only as energy consumers but also as potential contributors to grid stability and efficiency. The study delves into how the interplay of dynamic EV behavioral characteristics and owner responses to pricing influences the overall energy consumption curve of the grid, thereby shaping the capability of EVs in providing grid support services. To quantitatively validate the effectiveness of the model, a detailed case study is conducted, offering empirical evidence of its practical utility. The research findings are quantified, highlighting the significant implications for decision-makers, grid managers, and stakeholders in the energy sector. The paper emphasizes the main outcomes, demonstrating how the proposed analytical framework can empower stakeholders in making informed decisions about policy and infrastructure development. The robust methodological approach presented in this paper serves as a valuable tool for evaluating the impacts of adopting V2G, providing strategic insights for a more sustainable and economically viable paradigm.