Authors
Simone Minniti, Thien-An Nguyen-Huu, Trung Thai Tran, Minh-Quan Tran, Phuong Hong Nguyen
Publication date
2023/6/6
Conference
2023 IEEE International Conference on Environment and Electrical Engineering and 2023 IEEE Industrial and Commercial Power Systems Europe (EEEIC/I&CPS Europe)
Pages
1-6
Publisher
IEEE
Description
Among Distributed Energy Resources (DERs), Electric Vehicles (EVs) are promising resources for flexibility provision. However, the small-scale capacity hinders their possibility to enter the electricity markets. This paper focuses on the understanding of the market barrier for EVs aggregators to participate in the wholesale markets: the minimum allowable bid size. The developed Hybrid Robust/Two-Stage Stochastic optimization model considers three uncertainties, including the availability of the EVs, the day-ahead (DA) market prices, and the imbalance price. Besides, this model gives output for the DA energy program minimizing not only the DA cost of energy procurement but also the imbalance cost realizations after delivery-time. Especially, the temporal correlations are reflected by the Copula model for generating scenarios for the upward and downward imbalance price. The results with different minimum bid …
Total citations
Scholar articles
S Minniti, TA Nguyen-Huu, TT Tran, MQ Tran… - 2023 IEEE International Conference on Environment …, 2023