Coordination of electric vehicle aggregator participation in the day-ahead market
Coordination of electric vehicle aggregator participation in the day-ahead market
Motivated by the high electric vehicle (EV) penetration percentages foreseen for the near future, we study the integration of large fleets of electric vehicles into the existing electricity market structure, with special emphasis on day-ahead markets. Specifically, the large energy requirements characteristic of the widespread use of EVs require careful managing in order to limit environmental and infrastructural impacts. A key characteristic of EVs is their intrinsic flexibility, given that most vehicles are idle most of the day. This translates into coordination opportunities which allow for the temporal spreading of the energy consumption of an EV fleet, avoiding unnecessary demand peaks which translate into increased electricity prices and stress in the grid. Given the self-interested nature of market participants, this coordination is challenging and needs to be carefully addressed.
1768-1769
Perez-Diaz, Alvaro
dc83bca5-5108-4448-878f-23e73dec4c88
10 July 2017
Perez-Diaz, Alvaro
dc83bca5-5108-4448-878f-23e73dec4c88
Perez-Diaz, Alvaro
(2017)
Coordination of electric vehicle aggregator participation in the day-ahead market.
AAMAS 18, , Stockolm, Sweden.
10 - 15 Jul 2018.
.
Record type:
Conference or Workshop Item
(Paper)
Abstract
Motivated by the high electric vehicle (EV) penetration percentages foreseen for the near future, we study the integration of large fleets of electric vehicles into the existing electricity market structure, with special emphasis on day-ahead markets. Specifically, the large energy requirements characteristic of the widespread use of EVs require careful managing in order to limit environmental and infrastructural impacts. A key characteristic of EVs is their intrinsic flexibility, given that most vehicles are idle most of the day. This translates into coordination opportunities which allow for the temporal spreading of the energy consumption of an EV fleet, avoiding unnecessary demand peaks which translate into increased electricity prices and stress in the grid. Given the self-interested nature of market participants, this coordination is challenging and needs to be carefully addressed.
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Published date: 10 July 2017
Venue - Dates:
AAMAS 18, , Stockolm, Sweden, 2018-07-10 - 2018-07-15
Identifiers
Local EPrints ID: 422651
URI: http://eprints.soton.ac.uk/id/eprint/422651
PURE UUID: f5a9e4d8-936b-4af4-ba0c-88b896a879ad
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Date deposited: 27 Jul 2018 16:30
Last modified: 15 Mar 2024 20:51
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Contributors
Author:
Alvaro Perez-Diaz
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