Analyzing the Effect of Various PEV Owner's Charging Tariffs on PEV PL's Market Equilibrium

Abstract

In this paper, an innovative bi-level model is developed for the interactions of the plug-in electric vehicle (PEV) parking lot (PL) with the upstream markets through an aggregator in the system. The preferences of the PEVs on using the PL are also considered in the study. The PEVs have a choice in participating in grid-to-vehicle or vehicle-to-grid modes with fixed or flexible amount of departed state of charge (SOC). The PL assigns various tariffs for different requirements of the PEVs. In this study, the mutual effect of the variation of PEV tariffs and the PL's behavior in the market is investigated. It is shown that the preferences of PEVs can significantly affect the PL's strategy. The changes of the equilibrium prices for PL and aggregator interaction are thoroughly analyzed in response to changes in PEV tariffs to illustrate their influence on their behavior.