Impacts of vehicle-to-grid (V2G) technologies on electricity market operations

Liebman, Ariel & Walker, Geoff (2007) Impacts of vehicle-to-grid (V2G) technologies on electricity market operations. In The 8th Asia-Pacific Complex Systems Conference, Complex07, 2-5 July 2007, Gold Coast, Australia.

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Abstract

The Vehicle-to-Grid (V2G) concept is based on the newly developed and marketed technologies of hybrid petrol-electric vehicles, most notably represented by the Toyota Prius, in combination with significant structural changes to the world's energy economy, and the growing strain on electricity networks. The work described in this presentation focuses on the market and economic impacts of grid connected vehicles. We investigate price reduction effects and transmission system expansion cost reduction. We modelled a large numbers of plug-in-hybrid vehicle batteries by aggregating them into a virtual pumped-storage power station at the Australian national electricity market's (NEM) region level. The virtual power station concept models a centralised control for dispatching (operating) the aggregated electricity supply/demand capabilities of a large number of vehicles and their batteries. The actual level of output could be controlled by human or automated agents to either charge or discharge from/into the power grid. As previously mentioned the impacts of widespread deployments of this technology are likely to be economic, environmental and physical.

Impact and interest:

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ID Code: 63551
Item Type: Conference Item (Presentation)
Refereed: No
Additional URLs:
Divisions: Current > Schools > School of Electrical Engineering & Computer Science
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: Copyright 2007 [please consult the authors]
Deposited On: 15 Dec 2014 02:04
Last Modified: 15 Dec 2014 02:04

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