Spinning reserve supply with presence of electric vehicles aggregator considering compromise between cost and reliability

Authored by Mehdi Rahmani-andebili

Date Published: 2013-12

DOI: 10.1049/iet-gtd.2013.0118

Sponsors: No sponsors listed

Platforms: No platforms listed

Model Documentation: Other Narrative Flow charts Mathematical description

Model Code URLs: Model code not found

Abstract

By increasing the spinning reserve capacity, reliability of the power system is improved, however, total cost is increased. Therefore to supply the spinning reserve of power system, a compromise between reliability and cost should be considered. In this study, by considering the value of lost load for each important customer, the spinning reserve capacity is determined based on minimisation of total cost of problem. In addition, to supply the spinning reserve of power system, a new market player called plug-in electric vehicles (PEVs) aggregator is proposed. In this base, the aggregator's self-scheduling problem for participating in spinning reserve market is modelled using an agent-based model and behaviour of the PEVs fleet is modelled from the aggregator's point of view. To improve the accuracy of results, the market players are considered as price makers and their offers to the market are modelled using a dynamic game theory simulation. The numerical results show that the presence of PEVs aggregator in spinning reserve market has desired impacts on power system reliability and total cost of system.

Tags

Agent-based model game theory power markets power system economics PEV aggregator PEV fleet behaviour aggregator self-scheduling problem costing dynamic game theory simulation hybrid electric vehicles lost load market player plug-in electric vehicle aggregator power system reliability price makers spinning reserve capacity spinning reserve market spinning reserve supply total cost minimisation