TY - JOUR
T1 - A Novel Method to Value the EV-Fleet’s Grid Balancing Capacity
AU - Syed, Anas
AU - Crispeels, Thomas
AU - Roncancio Marin, Jason
PY - 2020
Y1 - 2020
N2 - Each day, every second, imbalance occurs in our electricity grid. In Belgium, the grid operator has to solve these imbalances with the help of previously contracted Balance Responsible Party (BRP). In this study, we develop a methodology to model the behavior of a fleet of co-ordinated Vehicle to Grid (V2G) enabled EVs. This allows us to explore to what extent such a fleet could participate in an imbalance tariff and how much value is generated with this activity. To do this, we start by modelling individual V2G-EV characteristics and driving behavior. We then extrapolate to model fleet behavior to be able to assess the fleet’s balancing capacity at each moment of a given time period. For our empirical setting, Belgium, our results show that the total expected value that could be generated by V2G balancing services ranges from EUR 2.35 M to EUR 9.67 M per year and from 906 to 664 EUR per EV in 2023.
AB - Each day, every second, imbalance occurs in our electricity grid. In Belgium, the grid operator has to solve these imbalances with the help of previously contracted Balance Responsible Party (BRP). In this study, we develop a methodology to model the behavior of a fleet of co-ordinated Vehicle to Grid (V2G) enabled EVs. This allows us to explore to what extent such a fleet could participate in an imbalance tariff and how much value is generated with this activity. To do this, we start by modelling individual V2G-EV characteristics and driving behavior. We then extrapolate to model fleet behavior to be able to assess the fleet’s balancing capacity at each moment of a given time period. For our empirical setting, Belgium, our results show that the total expected value that could be generated by V2G balancing services ranges from EUR 2.35 M to EUR 9.67 M per year and from 906 to 664 EUR per EV in 2023.
UR - https://www.semanticscholar.org/paper/A-Novel-Method-to-Value-the-EV-fleet%E2%80%99s-Grid-Syed-Crispeels/a97faa8e8fd534986544f1d2e6a6ee84758f9164
M3 - Article
JO - International Electric Vehicle Symposium and Exhibition
JF - International Electric Vehicle Symposium and Exhibition
ER -