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Author(s):
Pelzer, Dominik; Ciechanowicz, David; Aydt, Heiko; Knoll, Alois 
Title:
A price-responsive dispatching strategy for Vehicle-to-Grid: An economic evaluation applied to the case of Singapore 
Abstract:
Employing electric vehicles as short-term energy storage could improve power system stability and at the same time create a new income source for vehicle owners. In this paper, the economic viability of this concept referred to as Vehicle-to-Grid is investigated. For this purpose, a price-responsive charging and dispatching strategy built upon temporally resolved electricity market data is presented. This concept allows vehicle owners to maximize returns by restricting market participation to pr...    »
 
Keywords:
TUM CREATE, CLUSTER B, RP 5, Vehicle-to-Grid, Electric vehicle, Energy market, Economic viability, Ancillary services, Optimization model 
Journal title:
Journal of Power Sources 
Year:
2014 
Journal volume:
256 
Pages contribution:
345 - 353