4.7 Article

Constructing a V2G-enabled Regional Energy Internet for Cost-efficient Carbon Trading

Journal

CSEE JOURNAL OF POWER AND ENERGY SYSTEMS
Volume 6, Issue 1, Pages 31-40

Publisher

CHINA ELECTRIC POWER RESEARCH INST
DOI: 10.17775/CSEEJPES.2019.01330

Keywords

Carbon trading; internet of things; market bidding; regional energy internet; vehicle-to-grid

Funding

  1. Smart Grid Joint Foundation Program of the National Natural Science Foundation of China
  2. State Grid Corporation of China [U1866204]
  3. National Natural Science Foundation of China [51907064]
  4. State Grid Corporation of China (Application Research and Trading Mechanism of Green Electricity Market toward Sustainable Energy Accommodation) [52020119000G]

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The increasing penetration of plug-in electric vehicles (PEVs) has highlighted the importance of coordinating ubiquitous distributed energy resources (DERs) via the internet of things (IoT). With the help of vehicle-to-grid (V2G) technology, PEVs can be aggregated to behave as a storage system, yielding both economic and environmental benefits. In this paper, we propose an optimal bidding framework for a V2G-enabled regional energy internet (REI) to participate in day-ahead markets considering carbon trading. The REI operator aims to maximize the net profits from day-ahead markets while anticipating real-time adjustments. A detailed battery model is developed to depict the charging and discharging capability of V2G-enabled PEVs. A two-stage stochastic optimization model is formulated to schedule the operation of PEV fleets against various sources of uncertainties, e.g., the arrival and departure time of PEVs, solar power and real-time prices. Case studies undertaken based on realistic datasets demonstrate that the coordination of the V2G-enabled PEVs and other DERs can facilitate the accommodation of renewable energy, thus improving the REI's revenues in energy and carbon markets.

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