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Optimum day-ahead bidding profiles of electrical vehicle charging stations in FCR markets

Year of publication

2021

Authors

Astero, Poria; Evens, Corentin

Abstract

This research developed an application for electrical vehicles charging stations (EVCS) to estimate the optimum day-ahead bidding profiles in frequency containment reserves (FCR) markets and this paper presents the stochastic methodology behind this application. To achieve this, first, deterministic models are developed to calculate the maximum FCR that could be provided by each charging event (cycle) of an electric vehicle (EV). These models are established based on the technical requirements of FCR in the Nordic flexibility market, namely the frequency containment reserve for normal operation (FCR-N) and frequency containment reserve for disturbances (FCR-D). In the next step, these deterministic models will be combined with historical data of charging records in EVCS to calculate the probability density functions of the FCR profiles. Finally, the proposed application estimates the optimum FCR profiles, which maximise the expected profit of EVCS from participating in the day-ahead flexibility market, by performing a stochastic optimisation. The performance of the proposed application is evaluated by using empirical charging data of public EVCS in Helsinki area.
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Organizations and authors

Publication type

Publication format

Article

Parent publication type

Journal

Article type

Original article

Audience

Scientific

Peer-reviewed

Peer-Reviewed

MINEDU's publication type classification code

A1 Journal article (refereed), original research

Publication channel information

Volume

190

Article number

106667

​Publication forum

55123

​Publication forum level

2

Open access

Open access in the publisher’s service

Yes

Open access of publication channel

Partially open publication channel

License of the publisher’s version

CC BY

Self-archived

No

Article processing fee (EUR)

1080

Year of payment for the open publication fee

2021

Other information

Fields of science

Electronic, automation and communications engineering, electronics; Environmental engineering

Keywords

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Language

English

International co-publication

No

Co-publication with a company

No

DOI

10.1016/j.epsr.2020.106667

The publication is included in the Ministry of Education and Culture’s Publication data collection

Yes