Optimal Strategies Modeling in Electricity Market for Electric Vehicles Integration in Presence of Intermittent Resources

Zareen, Naila; Mustafa, Mohd Wazir; Abujarad, Saleh Y.; Moradi, Mehdi

doi:10.1007/s13369-015-1620-2

Cited by 5 publications

(5 citation statements)

References 24 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Moreover, several studies discuss uncertainty in power market prices, for instance the work by (Shi and Wong, 2011). Finally, (Zareen et al, 2015) note that when the V2G drivers charge or discharge their vehicles optimally in the deregulated market, they not only maximize their profit but support the provision of regulation services in emergencies. This claim could be used to highlight the importance of our research.…”

Section: Related Workmentioning

confidence: 99%

An Agent Trading on Behalf of V2G Drivers in a Day-ahead Price Market

Almansour¹,

Gerding²,

Wills³

2017

Proceedings of the 3rd International Conference on Vehicle Technology and Intelligent Transport Systems

View full text Add to dashboard Cite

Abstract:Due to the limited availability of fuel resources, there is an urgent need for converting to use renewable sources efficiently. To achieve this, power consumers should participate actively in power production and consumption. Consumers nowadays can produce power and consume a portion of it locally, and then could offer the rest of the power to the grid. Vehicle-to-grid (V2G) which is one of the most effective sustainable solutions, could provide these opportunities. V2G can be defined as a situation where electric vehicles (EVs) offer electric power to the grid when parked. We developed an agent to trade on behalf of V2G users to maximize their profits in a day-ahead price market. We then ran the proposed model in three different scenarios using an optimal algorithm and compared the results of our solution to a benchmark. We show that our solution outperforms the benchmark strategy in the proposed three scenarios 49%, 51%, and 10% respectively in terms of profit.

show abstract

Section: Related Workmentioning

confidence: 99%

An Agent Trading on Behalf of V2G Drivers in a Day-ahead Price Market

Almansour¹,

Gerding²,

Wills³

2017

Proceedings of the 3rd International Conference on Vehicle Technology and Intelligent Transport Systems

View full text Add to dashboard Cite

show abstract

“…Total energy, i.e., E G , generated by the PV, DEG, and Battery system can be expressed according to [24,25] as…”

Section: Objective Functionmentioning

confidence: 99%

“…The objective function of this optimization problem can be written as [3,24,25] min CC subject to EG ! E m :…”

Section: Objective Functionmentioning

confidence: 99%

See 1 more Smart Citation

Techno-financial analysis and design of on-board intelligent-assisting system for a hybrid solar–DEG-powered boat

Mamun

Chowdhury

Kaiser

et al. 2016

Int J Energy Environ Eng

View full text Add to dashboard Cite

In this paper, we present a financial feasibility analysis and design of an on-board-assisting system for a hybrid solar-diesel-powered boat. The major components of this boat are solar panel, battery bank, speed and direction controller for dc motor, brushless dc motor, diesel engine generator (DEG), and intelligent-assisting system (IAS) to assist the sailor. A DEG is considered to maintain the ability to run the system even during night-time, cloudy, and partially cloudy days. The energy demand posed by the electrical system requires maintaining an appropriate balance between the energy sources-done by an on-board-processing element which facilitates the system to run automatically. The capacity of the battery bank is considered large enough to satisfy electrical power requirement of the system for a whole day during noncharging periods. The optimal configuration for the hybrid system is selected from HOMER simulation results, whereas a financial feasibility analysis of the proposed hybrid solar and DEG-powered boat is performed using a clean energy management software called RETScreen. The IAS also provides solutions to the common naval hazards, such as over-weight and inclement weather by employing depth of submergence detector and GSM network interface. Financial analysis reveals that the proposed system is financially feasible, while tests showed that IAS successfully provides navigational supports to sailors.

show abstract

“…Both of Wang et al (2015) and Kordkheili and Mohammadi (2017) establish power grid peak dispatching system involving EV, and further prove the effectiveness of this system. Scholars in literature (Wei et al , 2014; Jadoun et al , 2015; Zareen et al , 2015) also consider EV in electric power system and apply multi-objective optimization model to obtain optimal dispatching strategy. Liu et al (2012) analyzes the availability of REH in wind power limited area, and he finds that REH has great economies of scale.…”

Section: Introductionmentioning

confidence: 99%

Multi-energy combined peak dispatching system synthetic benefit evaluation based on variable weight theory and matter-element extension model

Song

Zhang²,

Xiao

et al. 2019

IJESM

View full text Add to dashboard Cite

Purpose To improve power system peak dispatching ability, connecting energy-storage device such as electric vehicle (EV) and regenerative electric heater (REH) to power grid is a good choice. Design/methodology/approach This paper establishes a multi-energy combined peak dispatching system MCPDS which includes EV, REH and wind power. The matter-element extension model based on improved variable weight theory is applied to evaluate MCPDS synthetic benefit. Findings The research shows that the MCPDS established in this paper performs excellently in security benefit, economic benefit, social benefit and environmental benefit. Originality/value With the assistance of energy storage devices such as EV and REH, the electrical system peak dispatching ability and power system operation efficiency has improved. More devices with energy-storage ability should be introduced into electrical power system to improve its synthetic benefit.

show abstract

Optimal Strategies Modeling in Electricity Market for Electric Vehicles Integration in Presence of Intermittent Resources

Cited by 5 publications

References 24 publications

An Agent Trading on Behalf of V2G Drivers in a Day-ahead Price Market

An Agent Trading on Behalf of V2G Drivers in a Day-ahead Price Market

Techno-financial analysis and design of on-board intelligent-assisting system for a hybrid solar–DEG-powered boat

Multi-energy combined peak dispatching system synthetic benefit evaluation based on variable weight theory and matter-element extension model

Contact Info

Product

Resources

About