V2G Reserve Power Supply Coordination Based on CVaR Model

Abstract:

this paper establishes the revenue functions of both electric vehicle users(EV users) and power company, further analyzes users’ intention to reserve power and the feed-in tariff strategy of power company with CVaR criterion, for better V2G( vehicle to grid) reserve power supply coordination. The simulation shows that the users tend to reserve a specific quantity of power which is equal to the expected lowest reverse power supply in the condition of high risk aversion degree; however it will increase with the rise of feed-in tariff when the degree is low. In addition, the double marginalization which occurs in the reverse supply chain of V2G reserve power results in that the optimal reserve power of users cannot achieve the maximum mutual profit, in decentralized decision mode. Therefore two different coordination strategies for users with different risk aversion are proposed in this paper.

• Periodical: Advanced Materials Research (Volumes 608-609)
• Pages: 1637-1642
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.608-609.1637
• Online since: December 2012
• Authors: Yu Juan Liao, Le Feng Shi
• Keywords: Coordination, CVaR, Risk Aversion, V2G Power

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