Minimization of residential energy cost considering energy storage system and EV with driving usage probabilities

Sun, Yanyi and Yue, Hong and Zhang, Jiangfeng and Booth, Campbell (2019) Minimization of residential energy cost considering energy storage system and EV with driving usage probabilities. IEEE Transactions on Sustainable Energy, 10 (4). pp. 1752-1763. ISSN 1949-3037 (https://doi.org/10.1109/TSTE.2018.2870561)

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Abstract

Electric vehicle (EV) can be applied to discharge power back to the grid, which is called vehicle-to-grid (V2G) technology. There is a constant debate on whether V2G is an economically viable option due to the high battery degradation cost. In this work, the cost benefit of EV customers participating in V2G has been studied using different feed-in tariffs (FITs). A model is developed for minimization of energy cost for residential users, which includes an EV, a separate energy storage system (ESS), and renewable energy supply. Key factors such as the EV driving usage, the degradation cost of EV and ESS batteries are considered. The EV driving usage is established through a designed survey, from which the probability of vehicle parking and plug in at home, the probabilities of EV under driving and parking outside can be calculated. Comprehensive case studies have been undertaken to investigate the optimization strategies under various scenarios. Two types of electricity tariffs, time-of-use (TOU) and fixed tariffs, are considered. It is revealed that certain threshold levels of FITs are expected to allow users benefit from V2G. Compared with non-optimized operation, the cost saving with the optimized strategy is evident in the case studies.

ORCID iDs

Sun, Yanyi ORCID logoORCID: https://orcid.org/0000-0003-0603-8897, Yue, Hong ORCID logoORCID: https://orcid.org/0000-0003-2072-6223, Zhang, Jiangfeng and Booth, Campbell ORCID logoORCID: https://orcid.org/0000-0003-3869-4477;
  • Item type:Article
    ID code:65407
    Dates:
    Date
    Event
    1 October 2019
    Published
    14 September 2018
    Published Online
    8 September 2018
    Accepted
    8 February 2018
    Submitted
    Notes:© 2019 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.
    Subjects:Technology > Electrical engineering. Electronics Nuclear engineering
    Department:Faculty of Engineering > Electronic and Electrical Engineering
    Depositing user: Pure Administrator
    Date deposited:13 Sep 2018 10:38
    Last modified:11 Nov 2024 12:06
    URI:https://strathprints.strath.ac.uk/id/eprint/65407
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