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

Tiago Soares; Tiago Sousa; Peter Bach Andersen; Pierre Pinson

doi:10.1109/EEM.2018.8469922

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

Tiago Soares
, Tiago Sousa
, Peter Bach Andersen
, Pierre Pinson

INESC Technology and Science

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

Abstract

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 language	English
Title of host publication	Proceedings of 2018 15th International Conference on the European Energy Market
Number of pages	6
Publisher	IEEE
Publication date	2018
Pages	1-6
ISBN (Print)	9781538614884
DOIs	https://doi.org/10.1109/EEM.2018.8469922
Publication status	Published - 2018
Event	15th International Conference on the European Energy Market - Lodz, Poland Duration: 27 Jun 2018 → 29 Jun 2018

Conference

Conference	15th International Conference on the European Energy Market
Country/Territory	Poland
City	Lodz
Period	27/06/2018 → 29/06/2018

Keywords

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

Access to Document

10.1109/EEM.2018.8469922

OpenUrl availability

Full text

Parker project
Andersen, P. B. (Project Manager), Marinelli, M. (Project Participant), Sørensen, T. M. (Project Participant), Toghroljerdi, S. H. (Project Participant), Sousa, T. (Project Participant), Zecchino, A. (Project Participant) & Træholt, C. (Project Participant)
01/08/2016 → 31/01/2019
Project: Research

Cite this

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

abstract = "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.",

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

author = "Tiago Soares and Tiago Sousa and Andersen, \{Peter Bach\} and Pierre Pinson",

year = "2018",

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language = "English",

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pages = "1--6",

booktitle = "Proceedings of 2018 15th International Conference on the European Energy Market",

publisher = "IEEE",

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note = "15th International Conference on the European Energy Market, EEM 2018 ; Conference date: 27-06-2018 Through 29-06-2018",

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Soares, T, Sousa, T, Andersen, PB & Pinson, P 2018, Optimal Offering Strategy of an EV Aggregator in the Frequency-Controlled Normal Operation Reserve Market. in Proceedings of 2018 15th International Conference on the European Energy Market. IEEE, pp. 1-6, 15th International Conference on the European Energy Market, Lodz, Poland, 27/06/2018. https://doi.org/10.1109/EEM.2018.8469922

Optimal Offering Strategy of an EV Aggregator in the Frequency-Controlled Normal Operation Reserve Market. / Soares, Tiago; Sousa, Tiago; Andersen, Peter Bach et al.
Proceedings of 2018 15th International Conference on the European Energy Market. IEEE, 2018. p. 1-6.

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

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AU - Andersen, Peter Bach

AU - Pinson, Pierre

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Y1 - 2018

N2 - 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.

AB - 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.

KW - Electric vehicles

KW - Power systems

KW - Partial discharges

KW - Real-time systems

KW - Stochastic processes

KW - Optimization

KW - Discharges (electric)

KW - Ancillary services market

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M3 - Article in proceedings

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ER -

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

Abstract

Conference

Keywords

Access to Document

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Projects

Parker project

Cite this