Modeling operation of electric vehicles aggregator in reserve services market by using game theory method

Electric vehicles aggregator is in fact an intermediate between electric vehicle (EV) and operator of power grid. The EVs aggregator is responsible for the management of EVs in order to supply the owners with their orders and also for maximizing the profits of power grid in electricity market. In this study, a model was developed for the operation of EVs aggregator in the reserve services market of distribution network. In the proposed model, the reserve services market was formed after termination of the energy market. In this paper, the markets were created 24 h earlier. Pricing in the energy market and reserve services was implemented based on game theory according to the price in ISO market. Meanwhile, genetic algorithm was utilized for optimization of the proposed model. (C) 2013 AIP Publishing LLC.