The value of plug-in hybrid electric vehicles as grid resources

Sioshansi, Ramteen; Denholm, Paul

doi:10.5547/ISSN0195-6574-EJ-Vol31-No3-1

Title: The value of plug-in hybrid electric vehicles as grid resources

Abstract

Here, plug-in hybrid electric vehicles (PHEVs) can become valuable resources for an electric power system by providing vehicle to grid (V2G) services, such as energy storage and ancillary services. We use a unit commitment model of the Texas power system to simulate system operations with different-sized PHEV fleets that do and do not provide V2G services, to estimate the value of those services. We demonstrate that a PHEV fleet can provide benefits to the system, mainly through the provision of ancillary services, reducing the need to reserve conventional generator capacity. Moreover, our analysis shows that PHEV owners are made better off by providing V2G services and we demonstrate that these benefits can reduce the time it takes to recover the higher upfront capital cost of a PHEV when compared to other vehicle types.

Authors:

Sioshansi, Ramteen ^[1]; Denholm, Paul ^[2]

The Ohio State Univ., Columbus, OH (United States)
National Renewable Energy Lab. (NREL), Golden, CO (United States)

Publication Date:: Thu Jul 01 00:00:00 EDT 2010

Research Org.:: National Renewable Energy Laboratory (NREL), Golden, CO (United States)

Sponsoring Org.:: USDOE Office of Energy Efficiency and Renewable Energy (EERE)

OSTI Identifier:: 1353369

Grant/Contract Number:: AC36-08GO28308

Resource Type:: Accepted Manuscript

Journal Name:: Energy Journal

Additional Journal Information:: Journal Volume: 31; Journal Issue: 3; Journal ID: ISSN 0195-6574

Publisher:: International Association for Energy Economics (IAEE)

Country of Publication:: United States

Language:: English

Subject:: 33 ADVANCED PROPULSION SYSTEMS; plug-in hybrid electric vehicles; vehicle to grid services; energy storage; PHEV; V2G; cost savings analysis

Citation Formats


                    Sioshansi, Ramteen, and Denholm, Paul. The value of plug-in hybrid electric vehicles as grid resources.  United States: N. p., 2010. 
Web.  doi:10.5547/ISSN0195-6574-EJ-Vol31-No3-1.

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                    Sioshansi, Ramteen, & Denholm, Paul. The value of plug-in hybrid electric vehicles as grid resources.  United States.  https://doi.org/10.5547/ISSN0195-6574-EJ-Vol31-No3-1

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                    Sioshansi, Ramteen, and Denholm, Paul. Thu .  
"The value of plug-in hybrid electric vehicles as grid resources".  United States.  https://doi.org/10.5547/ISSN0195-6574-EJ-Vol31-No3-1.  https://www.osti.gov/servlets/purl/1353369.

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@article{osti_1353369,

  title        = {The value of plug-in hybrid electric vehicles as grid resources},

  author       = {Sioshansi, Ramteen and Denholm, Paul},

  abstractNote = {Here, plug-in hybrid electric vehicles (PHEVs) can become valuable resources for an electric power system by providing vehicle to grid (V2G) services, such as energy storage and ancillary services. We use a unit commitment model of the Texas power system to simulate system operations with different-sized PHEV fleets that do and do not provide V2G services, to estimate the value of those services. We demonstrate that a PHEV fleet can provide benefits to the system, mainly through the provision of ancillary services, reducing the need to reserve conventional generator capacity. Moreover, our analysis shows that PHEV owners are made better off by providing V2G services and we demonstrate that these benefits can reduce the time it takes to recover the higher upfront capital cost of a PHEV when compared to other vehicle types.},

  doi          = {10.5547/ISSN0195-6574-EJ-Vol31-No3-1},

  journal      = {Energy Journal},

  number       = 3,

  volume       = 31,

  place        = {United States},

  year         = {Thu Jul 01 00:00:00 EDT 2010},

  month        = {Thu Jul 01 00:00:00 EDT 2010}

}

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