Aggregate Electric Vehicles in Demand Side for Ancillary Service

This paper investigates the win-win commercialization mode of aggregating electric vehicles (EVs) in demand side for ancillary service. We have conducted a half-year-long incentive verification experiment covering 10,066 electric vehicle owners in Beijing. Based on the experimental results, we develop an incentive-based mechanism that enables electric vehicles to participate the wholesale capacity market through an aggregator. The aggregator, which is held by charging service operators can make a profit by designing a smart pricing policy. In this process, not only the electric vehicle owners but also the utility can gain benefits.

Automated summary

Through experimentation, this paper shows that electric vehicles can participate in the wholesale capacity market through aggregators and achieve a win-win commercialization model by implementing smart pricing policies. Both electric vehicle owners and utilities can benefit from this process.