Optimal charging of electric drive vehicles: a dynamic programming approach. Grid integration of electric vehicles in open electricity markets
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Optimal charging of electric drive vehicles : a dynamic programming approach. Grid integration of electric vehicles in open electricity markets. / Delikaraoglou, Stefanos; Capion, Karsten Emil; Juul, Nina; Boomsma, Trine Krogh.
Grid Integration of Electric Vehicles in Open Electricity Markets. red. / Qiuwei Wu. Oxford : Wiley, 2013. s. 113-128.Publikation: Bidrag til bog/antologi/rapport › Bidrag til bog/antologi › Forskning › fagfællebedømt
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TY - CHAP
T1 - Optimal charging of electric drive vehicles
T2 - a dynamic programming approach. Grid integration of electric vehicles in open electricity markets
AU - Delikaraoglou, Stefanos
AU - Capion, Karsten Emil
AU - Juul, Nina
AU - Boomsma, Trine Krogh
PY - 2013
Y1 - 2013
N2 - With the integration of fluctuating renewable production into the electricity system, electric-drive vehicles may contribute to the resulting need for flexibility, given that the market conditions provide sufficient economic incentive. To investigate this, we consider the short-term management of electric vehicles in a market environment. From the perspective of vehicle operators participating in the electricity spot market, the problem is to optimally charge and discharge the vehicles in response to spot market prices. We consider the case of a vehicle owner who is a price-taker and that of a fleet operator who can influence prices. In both cases, we show how the problem is amenable to dynamic programming with respectively linear and quadratic costs. With discretization of the state space, however, the problem of fleet operation is prone to suffer from the curse of dimensionality and, therefore, we propose an ex ante vehicle aggregation approach. We illustrate the results in a Danish case study and find that, although optimal management of the vehicles does not allow for storage and day-to-day flexibility in the electricity system, the market provides incentive for intra-day flexibility.
AB - With the integration of fluctuating renewable production into the electricity system, electric-drive vehicles may contribute to the resulting need for flexibility, given that the market conditions provide sufficient economic incentive. To investigate this, we consider the short-term management of electric vehicles in a market environment. From the perspective of vehicle operators participating in the electricity spot market, the problem is to optimally charge and discharge the vehicles in response to spot market prices. We consider the case of a vehicle owner who is a price-taker and that of a fleet operator who can influence prices. In both cases, we show how the problem is amenable to dynamic programming with respectively linear and quadratic costs. With discretization of the state space, however, the problem of fleet operation is prone to suffer from the curse of dimensionality and, therefore, we propose an ex ante vehicle aggregation approach. We illustrate the results in a Danish case study and find that, although optimal management of the vehicles does not allow for storage and day-to-day flexibility in the electricity system, the market provides incentive for intra-day flexibility.
KW - Faculty of Science
KW - electric-drive vehicles
KW - dynamic programming
KW - state-space aggregation
U2 - 10.1002/9781118568040.ch5
DO - 10.1002/9781118568040.ch5
M3 - Book chapter
SN - 9781118446072
SP - 113
EP - 128
BT - Grid Integration of Electric Vehicles in Open Electricity Markets
A2 - Qiuwei Wu, null
PB - Wiley
CY - Oxford
ER -
ID: 98971452