LAPSE:2023.25708
Published Article
LAPSE:2023.25708
Participation of an EV Aggregator in the Reserve Market through Chance-Constrained Optimization
António Sérgio Faria, Tiago Soares, Tiago Sousa, Manuel A. Matos
March 29, 2023
The adoption of Electric Vehicles (EVs) will revolutionize the storage capacity in the power system and, therefore, will contribute to mitigate the uncertainty of renewable generation. In addition, EVs have fast response capabilities and are suitable for frequency regulation, which is essential for the proliferation of intermittent renewable sources. To this end, EV aggregators will arise as a market representative party on behalf of EVs. Thus, this player will be responsible for supplying the power needed to charge EVs, as well as offering their flexibility to support the system. The main goal of EV aggregators is to manage the potential participation of EVs in the reserve market, accounting for their charging and travel needs. This work follows this trend by conceiving a chance-constrained model able to optimize EVs participation in the reserve market, taking into account the uncertain behavior of EVs and their charging needs. The proposed model, includes penalties in the event of a failure in the provision of upward or downward reserve. Therefore, stochastic and chance-constrained programming are used to handle the uncertainty of a small fleet of EVs and the risk profile of the EV aggregator. Two different relaxation approaches, i.e., Big-M and McCormick, of the chance-constrained model are tested and validated for different number of scenarios and risk levels, based on an actual test case in Denmark with actual driving patterns. As a final remark, the McCormick relaxation presents better performance when the uncertainty budget increases, which is appropriated for large-scale problems.
Keywords
ancillary services market, chance-constrained optimization, electric vehicles, risk management, strategic bidding
Suggested Citation
Faria AS, Soares T, Sousa T, Matos MA. Participation of an EV Aggregator in the Reserve Market through Chance-Constrained Optimization. (2023). LAPSE:2023.25708
Author Affiliations
Faria AS: Center for Power and Energy Systems, INESC TEC, 4200-465 Porto, Portugal
Soares T: Center for Power and Energy Systems, INESC TEC, 4200-465 Porto, Portugal [ORCID]
Sousa T: Department of Electrical Engineering, Technical University of Denmark, 2800 Kongens Lyngby, Denmark [ORCID]
Matos MA: Center for Power and Energy Systems, INESC TEC, 4200-465 Porto, Portugal
Journal Name
Energies
Volume
13
Issue
16
Article Number
E4071
Year
2020
Publication Date
2020-08-06
Published Version
ISSN
1996-1073
Version Comments
Original Submission
Other Meta
PII: en13164071, Publication Type: Journal Article
Record Map
Published Article

LAPSE:2023.25708
This Record
External Link

doi:10.3390/en13164071
Publisher Version
Download
Files
[Download 1v1.pdf] (488 kB)
Mar 29, 2023
Main Article
License
CC BY 4.0
Meta
Record Statistics
Record Views
51
Version History
[v1] (Original Submission)
Mar 29, 2023
 
Verified by curator on
Mar 29, 2023
This Version Number
v1
Citations
Most Recent
This Version
URL Here
https://psecommunity.org/LAPSE:2023.25708
 
Original Submitter
Auto Uploader for LAPSE
Links to Related Works
Directly Related to This Work
Publisher Version