Electricity-price arbitrage with plug-in hybrid electric vehicle: Gain or loss?

Shang, Duo (Rick) and Guodong Sun

Energy Policy, 2016, vol. 95, issue C, 402-410

Abstract: Customers, utilities, and society can gain many benefits from distributed energy resources (DERs), including plug-in hybrid electric vehicles (PHEVs). Using battery on PHEV to arbitrage electricity price is one of the potential benefits to PHEV owners. There is, however, disagreement on the magnitude of such profit. This study uses a stochastic optimization model to estimate the potential profit from electricity price arbitrage of two types of PHEVs (PHEV-10, and PHEV-40) under three scenarios with variant electricity tariff and PHEV owners over a five-year period.

Keywords: Distributed energy resources; Plug-in hybrid electric vehicle; Battery storage arbitrage; Smart grid (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:95:y:2016:i:c:p:402-410

DOI: 10.1016/j.enpol.2016.05.019

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