Financial Shortfall for Electric Vehicles: economic impacts of Transmission System Operators market designs

Paul Codani (), Yannick Perez () and Marc Petit ()
Additional contact information
Paul Codani: GeePs - Laboratoire Génie électrique et électronique de Paris - UP11 - Université Paris-Sud - Paris 11 - UPMC - Université Pierre et Marie Curie - Paris 6 - CentraleSupélec - CNRS - Centre National de la Recherche Scientifique
Marc Petit: GeePs - Laboratoire Génie électrique et électronique de Paris - UP11 - Université Paris-Sud - Paris 11 - UPMC - Université Pierre et Marie Curie - Paris 6 - CentraleSupélec - CNRS - Centre National de la Recherche Scientifique

Post-Print from HAL

Abstract: Using electric vehicles as transmission system operator reserve providing units has been demonstrated as being both a feasible and a profitable solution. However, the surveys leading to these conclusions are always conducted either without considering the transmission system operator market rules, or using the existing ones from the local system operator. Nevertheless, such rules have potentially a great impact on the electric vehicles' expected revenues, and they are likely to change within the next few years. This paper aims to assess how these rules impact the ability for electric vehicles to provide power reserves and on their expected remuneration for doing so. First, a list of the most important market rules for this use case is drawn up. Then, a simulation model is developed in order to evaluate the expected revenues for the electric vehicles. Finally, these expected revenues are computed considering various combinations of rules. A loss of revenue for electric vehicles is identified, due to the use of non-optimal rules governing grid services remuneration. Considering the French case, according to the simulation results, this financial shortfall per vehicle and per year ranges from 193e to 593e. Market design recommendations for reserve markets are deduced from these results.

Keywords: Regulation; Frequency control; Economics; Vehicle-to-Grid; Electric Vehicles (search for similar items in EconPapers)
Date: 2016
Note: View the original document on HAL open archive server: https://centralesupelec.hal.science/hal-01346860
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Published in Energy, 2016, 113, pp.422-431. ⟨10.1016/j.energy.2016.07.070⟩

Downloads: (external link)
https://centralesupelec.hal.science/hal-01346860/document (application/pdf)

Related works:
Journal Article: Financial shortfall for electric vehicles: Economic impacts of Transmission System Operators market designs (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01346860

DOI: 10.1016/j.energy.2016.07.070

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().