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Modeling of interactions between market regulations and behavior of plug-in electric vehicle aggregators in a virtual power market environment

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  • Shafie-khah, Miadreza
  • Parsa Moghaddam, Mohsen
  • Sheikh-El-Eslami, Mohamad Kazem
  • Rahmani-Andebili, Mehdi

Abstract

A market regulator is considered to increase the market efficiency and hence several regulations are tried to achieve this target. In many of such regulations, special conditions of renewable energies have been introduced. Accordingly, it is observed that some changes in regulations may have indirect undesirable effects on involved companies. In this paper, effects of the changes in market regulations on the behavior of both plug-in electric vehicle owners and their aggregators have been studied. A hybrid method is proposed to simulate the behavior of the market players from both regulator and aggregator's point of views. In addition, behavior of electric vehicle owners has been modeled considering type of the contract with aggregator. The result shows that a clever aggregator can convert some threats to changes in market regulations and there have been opportunities to increase the profit, enhanced the costumers and even the market efficiency.

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  • Shafie-khah, Miadreza & Parsa Moghaddam, Mohsen & Sheikh-El-Eslami, Mohamad Kazem & Rahmani-Andebili, Mehdi, 2012. "Modeling of interactions between market regulations and behavior of plug-in electric vehicle aggregators in a virtual power market environment," Energy, Elsevier, vol. 40(1), pages 139-150.
    • Handle: RePEc:eee:energy:v:40:y:2012:i:1:p:139-150
    DOI: 10.1016/j.energy.2012.02.019
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    2. Zheng, Yanchong & Niu, Songyan & Shang, Yitong & Shao, Ziyun & Jian, Linni, 2019. "Integrating plug-in electric vehicles into power grids: A comprehensive review on power interaction mode, scheduling methodology and mathematical foundation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 112(C), pages 424-439.
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    5. Shafie-khah, M. & Neyestani, N. & Damavandi, M.Y. & Gil, F.A.S. & Catalão, J.P.S., 2016. "Economic and technical aspects of plug-in electric vehicles in electricity markets," Renewable and Sustainable Energy Reviews, Elsevier, vol. 53(C), pages 1168-1177.
    6. Buonomano, Annamaria, 2020. "Building to Vehicle to Building concept: A comprehensive parametric and sensitivity analysis for decision making aims," Applied Energy, Elsevier, vol. 261(C).
    7. Morteza Nazari-Heris & Mehdi Abapour & Behnam Mohammadi-Ivatloo, 2022. "An Updated Review and Outlook on Electric Vehicle Aggregators in Electric Energy Networks," Sustainability, MDPI, vol. 14(23), pages 1-24, November.
    8. Shi, Ruifeng & Li, Shaopeng & Zhang, Penghui & Lee, Kwang Y., 2020. "Integration of renewable energy sources and electric vehicles in V2G network with adjustable robust optimization," Renewable Energy, Elsevier, vol. 153(C), pages 1067-1080.
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    10. Fernández, I.J. & Calvillo, C.F. & Sánchez-Miralles, A. & Boal, J., 2013. "Capacity fade and aging models for electric batteries and optimal charging strategy for electric vehicles," Energy, Elsevier, vol. 60(C), pages 35-43.
    11. Lakshmanan, Venkatachalam & Marinelli, Mattia & Hu, Junjie & Bindner, Henrik W., 2016. "Provision of secondary frequency control via demand response activation on thermostatically controlled loads: Solutions and experiences from Denmark," Applied Energy, Elsevier, vol. 173(C), pages 470-480.
    12. Robu, Valentin & Chalkiadakis, Georgios & Kota, Ramachandra & Rogers, Alex & Jennings, Nicholas R., 2016. "Rewarding cooperative virtual power plant formation using scoring rules," Energy, Elsevier, vol. 117(P1), pages 19-28.
    13. 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.
    14. Yunpeng Guo & Weijia Liu & Fushuan Wen & Abdus Salam & Jianwei Mao & Liang Li, 2017. "Bidding Strategy for Aggregators of Electric Vehicles in Day-Ahead Electricity Markets," Energies, MDPI, vol. 10(1), pages 1-20, January.
    15. Arslan, Okan & Karasan, Oya Ekin, 2013. "Cost and emission impacts of virtual power plant formation in plug-in hybrid electric vehicle penetrated networks," Energy, Elsevier, vol. 60(C), pages 116-124.
    16. Alipour, Manijeh & Mohammadi-Ivatloo, Behnam & Moradi-Dalvand, Mohammad & Zare, Kazem, 2017. "Stochastic scheduling of aggregators of plug-in electric vehicles for participation in energy and ancillary service markets," Energy, Elsevier, vol. 118(C), pages 1168-1179.
    17. 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.
    18. Luis Hernández-Callejo, 2019. "A Comprehensive Review of Operation and Control, Maintenance and Lifespan Management, Grid Planning and Design, and Metering in Smart Grids," Energies, MDPI, vol. 12(9), pages 1-50, April.
    19. Shafie-khah, M. & Heydarian-Forushani, E. & Golshan, M.E.H. & Siano, P. & Moghaddam, M.P. & Sheikh-El-Eslami, M.K. & Catalão, J.P.S., 2016. "Optimal trading of plug-in electric vehicle aggregation agents in a market environment for sustainability," Applied Energy, Elsevier, vol. 162(C), pages 601-612.
    20. Marini, Abbas & Latify, Mohammad Amin & Ghazizadeh, Mohammad Sadegh & Salemnia, Ahmad, 2015. "Long-term chronological load modeling in power system studies with energy storage systems," Applied Energy, Elsevier, vol. 156(C), pages 436-448.
    21. Nosratabadi, Seyyed Mostafa & Hooshmand, Rahmat-Allah & Gholipour, Eskandar, 2016. "Stochastic profit-based scheduling of industrial virtual power plant using the best demand response strategy," Applied Energy, Elsevier, vol. 164(C), pages 590-606.
    22. Li, Bosong & Shen, Jingshuang & Wang, Xu & Jiang, Chuanwen, 2016. "From controllable loads to generalized demand-side resources: A review on developments of demand-side resources," Renewable and Sustainable Energy Reviews, Elsevier, vol. 53(C), pages 936-944.
    23. 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.

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