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Potential impact of recharging plug‐in hybrid electric vehicles on locational marginal prices
Author(s) -
Wang Lizhi,
Lin Anhua,
Chen Yihsu
Publication year - 2010
Publication title -
naval research logistics (nrl)
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.665
H-Index - 68
eISSN - 1520-6750
pISSN - 0894-069X
DOI - 10.1002/nav.20431
Subject(s) - plug in , electricity , grid , electricity market , computer science , environmental economics , market penetration , environmental science , operations research , automotive engineering , business , economics , electrical engineering , engineering , mathematics , geometry , programming language , marketing
Plug‐in hybrid electric vehicles (PHEVs), upon market penetration, will create additional recharging loads to the electric power systems. This article considers different recharging scenarios and uses game theoretic models to study the potential impact of the recharging loads on locational marginal prices (wholesale electricity prices). Computational results from a Pennsylvania‐New Jersey‐Maryland Interconnection case study show that, under the existing recharging infrastructures, even a small magnitude of load increase caused by PHEV recharging could have a significant undesirable impact on locational marginal prices. The impact could be mitigated to a varying extent by the availability of possible future recharging infrastructures, including realtime pricing recharging meters, battery stations, or vehicle‐to‐grid technology.© 2010 Wiley Periodicals, Inc. Naval Research Logistics, 2010