IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v116y2016ip1p836-850.html
   My bibliography  Save this article

Risk management and participation planning of electric vehicles in smart grids for demand response

Author

Listed:
  • Nezamoddini, Nasim
  • Wang, Yong

Abstract

Demand response (DR) can serve as an effective tool to better balance the electricity demand and supply in the smart grid. It is defined as "the changes in electricity usage by end-use customers from their normal consumption patterns" in response to pricing and incentive payments. This paper focuses on new opportunities for DR with electric vehicles (EVs). EVs are potential distributed energy resources that support both the grid-to-vehicle and vehicle-to-grid modes. Their participation in the time-based (e.g., time-of-use) and incentive-based (e.g., regulation services) DR programs helps improve the stability and reduce the potential risks to the grid. Smart scheduling of EV charging and discharging activities also supports high penetration of renewables with volatile energy generation. This paper proposes a novel stochastic model from the Independent System Operator's perspective for risk management and participation planning of EVs in the smart grid for DR. The risk factors considered in this paper involve those caused by uncertainties in renewables (wind and solar), load patterns, parking patterns, and transmission lines' reliability. The effectiveness of the model in response to various settings such as the area type (residential, commercial, and industrial), the EV penetration level, and the risk level has been investigated.

Suggested Citation

  • Nezamoddini, Nasim & Wang, Yong, 2016. "Risk management and participation planning of electric vehicles in smart grids for demand response," Energy, Elsevier, vol. 116(P1), pages 836-850.
    • Handle: RePEc:eee:energy:v:116:y:2016:i:p1:p:836-850
    DOI: 10.1016/j.energy.2016.10.002
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544216314232
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.energy.2016.10.002?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Wenqing Chen & Melvyn Sim & Jie Sun & Chung-Piaw Teo, 2010. "From CVaR to Uncertainty Set: Implications in Joint Chance-Constrained Optimization," Operations Research, INFORMS, vol. 58(2), pages 470-485, April.
    2. Pavić, Ivan & Capuder, Tomislav & Kuzle, Igor, 2015. "Value of flexible electric vehicles in providing spinning reserve services," Applied Energy, Elsevier, vol. 157(C), pages 60-74.
    3. Bishop, Justin D.K. & Axon, Colin J. & Bonilla, David & Tran, Martino & Banister, David & McCulloch, Malcolm D., 2013. "Evaluating the impact of V2G services on the degradation of batteries in PHEV and EV," Applied Energy, Elsevier, vol. 111(C), pages 206-218.
    4. Jargstorf, Johannes & Wickert, Manuel, 2013. "Offer of secondary reserve with a pool of electric vehicles on the German market," Energy Policy, Elsevier, vol. 62(C), pages 185-195.
    5. Honarmand, Masoud & Zakariazadeh, Alireza & Jadid, Shahram, 2014. "Optimal scheduling of electric vehicles in an intelligent parking lot considering vehicle-to-grid concept and battery condition," Energy, Elsevier, vol. 65(C), pages 572-579.
    6. Ramteen Sioshansi, 2012. "OR Forum---Modeling the Impacts of Electricity Tariffs on Plug-In Hybrid Electric Vehicle Charging, Costs, and Emissions," Operations Research, INFORMS, vol. 60(3), pages 506-516, June.
    7. Monica Alonso & Hortensia Amaris & Jean Gardy Germain & Juan Manuel Galan, 2014. "Optimal Charging Scheduling of Electric Vehicles in Smart Grids by Heuristic Algorithms," Energies, MDPI, vol. 7(4), pages 1-27, April.
    8. Wang, Yong & Li, Lin, 2013. "Time-of-use based electricity demand response for sustainable manufacturing systems," Energy, Elsevier, vol. 63(C), pages 233-244.
    9. Wang, Yong & Li, Lin, 2015. "Time-of-use electricity pricing for industrial customers: A survey of U.S. utilities," Applied Energy, Elsevier, vol. 149(C), pages 89-103.
    10. Zhao, Jiayun & Kucuksari, Sadik & Mazhari, Esfandyar & Son, Young-Jun, 2013. "Integrated analysis of high-penetration PV and PHEV with energy storage and demand response," Applied Energy, Elsevier, vol. 112(C), pages 35-51.
    11. Liu, Liansheng & Kong, Fanxin & Liu, Xue & Peng, Yu & Wang, Qinglong, 2015. "A review on electric vehicles interacting with renewable energy in smart grid," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 648-661.
    12. Luo, Yugong & Zhu, Tao & Wan, Shuang & Zhang, Shuwei & Li, Keqiang, 2016. "Optimal charging scheduling for large-scale EV (electric vehicle) deployment based on the interaction of the smart-grid and intelligent-transport systems," Energy, Elsevier, vol. 97(C), pages 359-368.
    13. Yang, Zhile & Li, Kang & Foley, Aoife, 2015. "Computational scheduling methods for integrating plug-in electric vehicles with power systems: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 396-416.
    14. Cardoso, G. & Stadler, M. & Bozchalui, M.C. & Sharma, R. & Marnay, C. & Barbosa-Póvoa, A. & Ferrão, P., 2014. "Optimal investment and scheduling of distributed energy resources with uncertainty in electric vehicle driving schedules," Energy, Elsevier, vol. 64(C), pages 17-30.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gaizka Saldaña & Jose Ignacio San Martin & Inmaculada Zamora & Francisco Javier Asensio & Oier Oñederra, 2019. "Electric Vehicle into the Grid: Charging Methodologies Aimed at Providing Ancillary Services Considering Battery Degradation," Energies, MDPI, vol. 12(12), pages 1-37, June.
    2. Morsy Nour & José Pablo Chaves-Ávila & Gaber Magdy & Álvaro Sánchez-Miralles, 2020. "Review of Positive and Negative Impacts of Electric Vehicles Charging on Electric Power Systems," Energies, MDPI, vol. 13(18), pages 1-34, September.
    3. Cleary, Kathryne & Palmer, Karen, 2020. "Encouraging Electrification through Energy Service Subscriptions," RFF Working Paper Series 20-09, Resources for the Future.
    4. Shi You & Junjie Hu & Charalampos Ziras, 2016. "An Overview of Modeling Approaches Applied to Aggregation-Based Fleet Management and Integration of Plug-in Electric Vehicles †," Energies, MDPI, vol. 9(11), pages 1-18, November.
    5. Sulaima, Mohamad Fani & Dahlan, Nofri Yenita & Yasin, Zuhaila Mat & Rosli, Marlinda Mohd & Omar, Zulkiflee & Hassan, Mohammad Yusri, 2019. "A review of electricity pricing in peninsular Malaysia: Empirical investigation about the appropriateness of Enhanced Time of Use (ETOU) electricity tariff," Renewable and Sustainable Energy Reviews, Elsevier, vol. 110(C), pages 348-367.
    6. Ashique, Ratil H. & Salam, Zainal & Bin Abdul Aziz, Mohd Junaidi & Bhatti, Abdul Rauf, 2017. "Integrated photovoltaic-grid dc fast charging system for electric vehicle: A review of the architecture and control," Renewable and Sustainable Energy Reviews, Elsevier, vol. 69(C), pages 1243-1257.
    7. García-Villalobos, J. & Zamora, I. & Knezović, K. & Marinelli, M., 2016. "Multi-objective optimization control of plug-in electric vehicles in low voltage distribution networks," Applied Energy, Elsevier, vol. 180(C), pages 155-168.
    8. Hoehne, Christopher G. & Chester, Mikhail V., 2016. "Optimizing plug-in electric vehicle and vehicle-to-grid charge scheduling to minimize carbon emissions," Energy, Elsevier, vol. 115(P1), pages 646-657.
    9. Yun, Lingxiang & Li, Lin & Ma, Shuaiyin, 2022. "Demand response for manufacturing systems considering the implications of fast-charging battery powered material handling equipment," Applied Energy, Elsevier, vol. 310(C).
    10. Haider, Haider Tarish & See, Ong Hang & Elmenreich, Wilfried, 2016. "Residential demand response scheme based on adaptive consumption level pricing," Energy, Elsevier, vol. 113(C), pages 301-308.
    11. de la Torre, S. & Aguado, J.A. & Sauma, E., 2023. "Optimal scheduling of ancillary services provided by an electric vehicle aggregator," Energy, Elsevier, vol. 265(C).
    12. Wang, Yong & Li, Lin, 2016. "Critical peak electricity pricing for sustainable manufacturing: Modeling and case studies," Applied Energy, Elsevier, vol. 175(C), pages 40-53.
    13. Nosratabadi, Seyyed Mostafa & Hooshmand, Rahmat-Allah & Gholipour, Eskandar, 2017. "A comprehensive review on microgrid and virtual power plant concepts employed for distributed energy resources scheduling in power systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 341-363.
    14. Hoogvliet, T.W. & Litjens, G.B.M.A. & van Sark, W.G.J.H.M., 2017. "Provision of regulating- and reserve power by electric vehicle owners in the Dutch market," Applied Energy, Elsevier, vol. 190(C), pages 1008-1019.
    15. Weiwei Cui & Lin Li & Zhiqiang Lu, 2019. "Energy‐efficient scheduling for sustainable manufacturing systems with renewable energy resources," Naval Research Logistics (NRL), John Wiley & Sons, vol. 66(2), pages 154-173, March.
    16. Yang, Zhile & Li, Kang & Foley, Aoife, 2015. "Computational scheduling methods for integrating plug-in electric vehicles with power systems: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 396-416.
    17. Nunes, Pedro & Figueiredo, Raquel & Brito, Miguel C., 2016. "The use of parking lots to solar-charge electric vehicles," Renewable and Sustainable Energy Reviews, Elsevier, vol. 66(C), pages 679-693.
    18. Heuberger, Clara F. & Bains, Praveen K. & Mac Dowell, Niall, 2020. "The EV-olution of the power system: A spatio-temporal optimisation model to investigate the impact of electric vehicle deployment," Applied Energy, Elsevier, vol. 257(C).
    19. Mahmoudzadeh Andwari, Amin & Pesiridis, Apostolos & Rajoo, Srithar & Martinez-Botas, Ricardo & Esfahanian, Vahid, 2017. "A review of Battery Electric Vehicle technology and readiness levels," Renewable and Sustainable Energy Reviews, Elsevier, vol. 78(C), pages 414-430.
    20. Soares, João & Ghazvini, Mohammad Ali Fotouhi & Borges, Nuno & Vale, Zita, 2017. "Dynamic electricity pricing for electric vehicles using stochastic programming," Energy, Elsevier, vol. 122(C), pages 111-127.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:energy:v:116:y:2016:i:p1:p:836-850. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.