Economic Justification for a V2G Facility in a Radial Distribution Network
-
Uwakwe C. Chukwu
and
Satish M. Mahajan
Abstract
A V2G facility has the potential to reduce losses and loading in the power distribution network, thereby effecting savings and an increase in the generator, line and substation capacity for additional loading. In this paper, economic models are developed to compute the amount of economic incentives accruable from the penetration of V2G into the distribution network subject to two potential benefits of V2G: released generation capacity and reduced energy losses. The developed models were tested using IEEE test systems. Results from the test systems reveal that operational choice affects economic incentives. Hence, further analytical expression was developed to model operational formulation that will lead to economic incentives. This principal model was formulated to indicate the manner in which economic incentives can be impacted by decision variables, namely: loading pattern, V2G location and capacity injection. More than 95% released generation capacity was obtained. In addition, $37,775/year of economic incentive due to reduced power losses in the IEEE 123 Node test Feeder was observed. The results from the principal model showed that V2G promises significant economic incentives. It may be concluded, based on the results obtained, that proper system studies are necessary at the planning stage before installing a V2G facility.
©2012 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
Articles in the same Issue
- Article
- ANN - SQP Approach For NOx Emission Reduction In Coal Fired Boilers
- Comparison of Levenberg-Marquardt Method and Path Following Interior Point Method for the Solution of Optimal Power Flow Problem
- A Transient Stability Constrained, Line-Flow-Based Fast Contingency Screening and Power Flow Evaluation
- Study of Transformer Switching Overvoltages during Power System Restoration Using Delta-Bar-Delta and Directed Random Search Algorithms
- Economic Justification for a V2G Facility in a Radial Distribution Network
- Operation of Multi DC Smart Grids Based on Renewable Energy Sources and Protection of DC Transmission Line
- Novel Real-Time Stability Assessment Algorithm Based on Synchro-Phasors Measurement and Parallel Algorithms for Multi-Machine Networks.
- Integrated Kalman-Independent Component Analysis Method for Harmonic Current Estimation on an Interconnected Four Bus Simulated and Laboratory Model
- Identification of Fault Location in Distribution Networks Using Multi Class Support Vector Machines
Articles in the same Issue
- Article
- ANN - SQP Approach For NOx Emission Reduction In Coal Fired Boilers
- Comparison of Levenberg-Marquardt Method and Path Following Interior Point Method for the Solution of Optimal Power Flow Problem
- A Transient Stability Constrained, Line-Flow-Based Fast Contingency Screening and Power Flow Evaluation
- Study of Transformer Switching Overvoltages during Power System Restoration Using Delta-Bar-Delta and Directed Random Search Algorithms
- Economic Justification for a V2G Facility in a Radial Distribution Network
- Operation of Multi DC Smart Grids Based on Renewable Energy Sources and Protection of DC Transmission Line
- Novel Real-Time Stability Assessment Algorithm Based on Synchro-Phasors Measurement and Parallel Algorithms for Multi-Machine Networks.
- Integrated Kalman-Independent Component Analysis Method for Harmonic Current Estimation on an Interconnected Four Bus Simulated and Laboratory Model
- Identification of Fault Location in Distribution Networks Using Multi Class Support Vector Machines
