Day-ahead market; Electric vehicle flexibility; Imbalance costs; Optimization; Smart charging; Energy Engineering and Power Technology; Renewable Energy, Sustainability and the Environment; Energy (miscellaneous)
Abstract :
[en] There has been an increase in the adoption of electric vehicles (EVs) due to growing environmental concerns,technological advancements, and supportive government policies. This rapid increase in EVs necessitates energy providers to procure sufficient power to meet the charging demands. However, uncertainties in EV usage due to variable driving patterns and charging preferences make it challenging for energy providers to predict the charging demand. To address these uncertainties,energy providers can use stochastic models and trade in multiple short-term electricity markets. Moreover,when smart charging, energy providers can use the EV flexibility to charge the vehicles during lower market price periods, reducing procurement costs. Despite these strategies, there is a time lag between trading and delivery during which users could change their EV usage patterns, leading to new user requirements during delivery. This update in the user requirements creates discrepancies between procured and updated power needs, causing imbalances. Our study analyzes whether EVs possess enough flexibility to overcome their uncertainties,satisfy user energy requirements, and reduce imbalance costs. We develop a two-step approach:1) procuring energy in the day-ahead market and 2)rescheduling across each EV to meet updated requirements.We test three rescheduling strategies across 51 scenarios, reflecting the updated user requirements.Our findings reveal that, despite uncertainties, EVs have enough flexibility to meet user needs and reduce imbalance costs, with the potential for additional revenues.
Research center :
Interdisciplinary Centre for Security, Reliability and Trust (SnT) > FINATRAX - Digital Financial Services and Cross-organizational Digital Transformations
Disciplines :
Computer science Management information systems Energy
Author, co-author :
CHEMUDUPATY, Raviteja ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX
PAVIĆ, Ivan ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX
External co-authors :
no
Language :
English
Title :
Electric Vehicle Scheduling Strategies to Reduce the Imbalances due to User Uncertainties
Publication date :
2024
Event name :
16th International Conference on Applied Energy (ICAE2024)
Event place :
Niigata, Japan
Event date :
01-09-2024 => 05-09-2024
Audience :
International
Journal title :
Energy Proceedings
eISSN :
2004-2965
Publisher :
Scanditale AB
Volume :
49
Peer reviewed :
Peer reviewed
Focus Area :
Security, Reliability and Trust
Development Goals :
7. Affordable and clean energy 9. Industry, innovation and infrastructure 11. Sustainable cities and communities
FNR13342933 - Paypal-fnr Pearl Chair In Digital Financial Services, 2019 (01/01/2020-31/12/2024) - Gilbert Fridgen
Name of the research project :
U-AGR-8002 - Enovos Inductive - CORDY Maxime
Funders :
FNR - Luxembourg National Research Fund Fondation Enovos
Funding number :
13342933
Funding text :
The authors gratefully acknowledge the Fondation Enovos under the aegis of the Fondation de Luxembourg in the frame of the philanthropic funding for the research project INDUCTIVE which is the initiator of this applied research. This research was funded in part by the Luxembourg National Research Fund (FNR) and Pay-Pal, PEARL grant reference 13342933/Gilbert Fridgen. For the purpose of open access, the author has applied a Creative Commons Attribution 4.0 International (CC BY 4.0) license to any Author Accepted Manuscript version arising from this submission.
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