Optimal Energy Storage Allocation Strategy by Coordinating Electric Vehicles Participating in Auxiliary Service Market

Abstract

The further liberalization of China’s electricity market encourages demand-side entities to participate in electricity market transactions. Electric vehicles (EVs) are developing rapidly and have high regulating potential, and are the main force for demand-side participation in the auxiliary service market. Aiming at the problems of dispatching accuracy and economy in EV participation in auxiliary service market, this paper analyzes the bidding strategy and dispatching scheme of EV-storage participation in auxiliary service market, and proposes EV-storage optimal allocation strategy with the goal of economic optimum. In the process of optimal allocation, based on the market rules of third-party subject participation in auxiliary services, the bidding strategy of EV-storage coordinated EV participation in auxiliary services market considering daily load scale changes is designed, while the conditional value at risk (CVaR) method is used to determine the short-term coordinated energy storage capacity and efficiency storage capacity considering the uncertainty of EV response situation; then, based on the annual EV load scale change, the benefit calculation function is constructed by considering various factors such as auxiliary service market revenue, spread revenue, investment cost and market opportunity cost of EV-storage participation in the auxiliary market. Finally, taking EV aggregation participation in the valley-filling ancillary service market as an example, it is verified that the strategy proposed in this paper can effectively improve the responsiveness of EV participation in the ancillary service market and increase the revenue of electric vehicle aggregator (EVA).

Keywords

• EV
• energy storage planning
• coordinated dispatch of energy storage
• ancillary services market
• CVaR