Potential impact of recharging plug‐in hybrid electric vehicles on locational marginal prices |
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| Authors: | Lizhi Wang Anhua Lin Yihsu Chen |
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| Institution: | 1. Industrial and Manufacturing Systems Engineering, Iowa State University, Ames, Iowa 50011;2. Mathematical Sciences, Middle Tennessee State University, Murfreesboro, Tennessee 37132;3. Sierra Nevada Research Institute, University of California, Merced, Merced, California 95343 |
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| Abstract: | 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 |
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| Keywords: | plug‐in hybrid electric vehicle locational marginal price game theory |
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