Charge control of plug-in electrical vehicles and revenue analysis

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Electrical vehicles (EVs) have appreciated much attention with the increasing pressure on the environment and energy supply. Considering that user gets revenue by arbitrage, we propose an optimal charge control model for plug-in Electric Vehicles to minimize user charge cost in an open and perfect electricity market. Based on the model, combining the analysis of the charge power demand, we calculate the user revenue expectancy of uncertain trips through the Monte Carlo Simulation and analyze the factors influencing the revenue. The results show that the arbitrage can raise user revenue significantly. In addition, price fluctuation has great effect on user revenue and price signals are able to adjust user charge/discharge scheme effectively.

Original languageEnglish
Title of host publication2014 IEEE Innovative Smart Grid Technologies - Asia, ISGT ASIA 2014
PublisherIEEE Computer Society
Pages333-337
Number of pages5
ISBN (Print)9781479913008
DOIs
StatePublished - 2014
Event2014 IEEE Innovative Smart Grid Technologies - Asia, ISGT Asia 2014 - Kuala Lumpur, Malaysia
Duration: 20 May 201423 May 2014

Publication series

Name2014 IEEE Innovative Smart Grid Technologies - Asia, ISGT ASIA 2014

Conference

Conference2014 IEEE Innovative Smart Grid Technologies - Asia, ISGT Asia 2014
Country/TerritoryMalaysia
CityKuala Lumpur
Period20/05/1423/05/14

Keywords

  • Battery Characteristics
  • optimal charge control
  • price fluctuations
  • revenue analysis
  • user behavior

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