Optimal decision on contract size for V2G aggregator regarding frequency regulation

Soohyeong Jang; Sekyung Han; Soo Hee Han; Kaoru Sezaki

doi:10.1109/OPTIM.2010.5510464

Optimal decision on contract size for V2G aggregator regarding frequency regulation

Soohyeong Jang, Sekyung Han, Soo Hee Han, Kaoru Sezaki

Department of Electrical Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

36 Scopus citations

Abstract

For V2G frequency regulation, an aggregator is essentially required to join the regulation market by gathering small-scale vehicle power. In this paper, we propose a method for an analytic estimation of the probability distribution regarding the procured power capacity (PPC). Using the obtained result, an optimal contract size is sought considering several possible types of penalty, each of which reflects the real world constraints. For each case, a cost function representing the revenue of the aggregator is developed as well. With the cost functions, an optimal contract size can be determined where the cost function yields a maximum value. Finally, simulations are provided to illustrate the validity of the proposed method.

Original language	English
Title of host publication	2010 12th International Conference on Optimization of Electrical and Electronic Equipment, OPTIM 2010
Pages	54-62
Number of pages	9
DOIs	https://doi.org/10.1109/OPTIM.2010.5510464
State	Published - 2010
Event	2010 12th International Conference on Optimization of Electrical and Electronic Equipment, OPTIM 2010 - Brasov, Romania Duration: 20 May 2010 → 22 May 2010

Publication series

Name	Proceedings of the International Conference on Optimisation of Electrical and Electronic Equipment, OPTIM
ISSN (Print)	1842-0133

Conference

Conference	2010 12th International Conference on Optimization of Electrical and Electronic Equipment, OPTIM 2010
Country/Territory	Romania
City	Brasov
Period	20/05/10 → 22/05/10

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10.1109/OPTIM.2010.5510464

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Jang, S., Han, S., Han, S. H., & Sezaki, K. (2010). Optimal decision on contract size for V2G aggregator regarding frequency regulation. In 2010 12th International Conference on Optimization of Electrical and Electronic Equipment, OPTIM 2010 (pp. 54-62). Article 5510464 (Proceedings of the International Conference on Optimisation of Electrical and Electronic Equipment, OPTIM). https://doi.org/10.1109/OPTIM.2010.5510464

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title = "Optimal decision on contract size for V2G aggregator regarding frequency regulation",

abstract = "For V2G frequency regulation, an aggregator is essentially required to join the regulation market by gathering small-scale vehicle power. In this paper, we propose a method for an analytic estimation of the probability distribution regarding the procured power capacity (PPC). Using the obtained result, an optimal contract size is sought considering several possible types of penalty, each of which reflects the real world constraints. For each case, a cost function representing the revenue of the aggregator is developed as well. With the cost functions, an optimal contract size can be determined where the cost function yields a maximum value. Finally, simulations are provided to illustrate the validity of the proposed method.",

author = "Soohyeong Jang and Sekyung Han and Han, {Soo Hee} and Kaoru Sezaki",

year = "2010",

doi = "10.1109/OPTIM.2010.5510464",

language = "English",

isbn = "9781424470198",

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pages = "54--62",

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note = "2010 12th International Conference on Optimization of Electrical and Electronic Equipment, OPTIM 2010 ; Conference date: 20-05-2010 Through 22-05-2010",

}

Jang, S, Han, S, Han, SH & Sezaki, K 2010, Optimal decision on contract size for V2G aggregator regarding frequency regulation. in 2010 12th International Conference on Optimization of Electrical and Electronic Equipment, OPTIM 2010., 5510464, Proceedings of the International Conference on Optimisation of Electrical and Electronic Equipment, OPTIM, pp. 54-62, 2010 12th International Conference on Optimization of Electrical and Electronic Equipment, OPTIM 2010, Brasov, Romania, 20/05/10. https://doi.org/10.1109/OPTIM.2010.5510464

Optimal decision on contract size for V2G aggregator regarding frequency regulation. / Jang, Soohyeong; Han, Sekyung; Han, Soo Hee et al.
2010 12th International Conference on Optimization of Electrical and Electronic Equipment, OPTIM 2010. 2010. p. 54-62 5510464 (Proceedings of the International Conference on Optimisation of Electrical and Electronic Equipment, OPTIM).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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AB - For V2G frequency regulation, an aggregator is essentially required to join the regulation market by gathering small-scale vehicle power. In this paper, we propose a method for an analytic estimation of the probability distribution regarding the procured power capacity (PPC). Using the obtained result, an optimal contract size is sought considering several possible types of penalty, each of which reflects the real world constraints. For each case, a cost function representing the revenue of the aggregator is developed as well. With the cost functions, an optimal contract size can be determined where the cost function yields a maximum value. Finally, simulations are provided to illustrate the validity of the proposed method.

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Jang S, Han S, Han SH, Sezaki K. Optimal decision on contract size for V2G aggregator regarding frequency regulation. In 2010 12th International Conference on Optimization of Electrical and Electronic Equipment, OPTIM 2010. 2010. p. 54-62. 5510464. (Proceedings of the International Conference on Optimisation of Electrical and Electronic Equipment, OPTIM). doi: 10.1109/OPTIM.2010.5510464

Optimal decision on contract size for V2G aggregator regarding frequency regulation

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