Optimal Offering Strategy of an EV Aggregator in the Frequency-Controlled Normal Operation Reserve Market

Research output: Research - peer-reviewArticle in proceedings – Annual report year: 2018

DOI

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Electric vehicles (EVs) are to play an important role in electricity markets, since their energy storage capability can be beneficial to power systems operation. Electric vehicle aggregators will consequently develop adequate offering strategies to participate in energy and reserve markets, accounting for the market rules and operational capabilities of EVs aggregators (e.g., fleet of EVs). In this paper, we propose an offering strategy model for an EV aggregator to participate in the frequency-controlled normal operation reserve service (FCR-N) in Eastern Denmark. The aim is to maximize the expected revenue of the aggregator, accounting for potential penalties for missing the provision of both upward and downward reserves. The methodology has been modeled and tested under the scope of the PARKER project, which considers a case study based on real data from a small fleet of electric vehicles. An important conclusion relates to the availability patterns of the EVs that significantly changes the strategical participation of the EV aggregator in the service.
Original languageEnglish
Title of host publicationProceedings of 2018 15th International Conference on the European Energy Market
Number of pages6
PublisherIEEE
Publication date2018
Pages1-6
ISBN (Print)9781538614884
DOIs
StatePublished - 2018
Event15th International Conference on the European Energy Market - Lodz, Poland
Duration: 27 Jun 201829 Jun 2018

Conference

Conference15th International Conference on the European Energy Market
CountryPoland
CityLodz
Period27/06/201829/06/2018
CitationsWeb of Science® Times Cited: No match on DOI

    Research areas

  • Electric vehicles, Power systems, Partial discharges, Real-time systems, Stochastic processes, Optimization, Discharges (electric), Ancillary services market
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