Optimization Models for EV Aggregator Participation in a Manual Reserve Market

Abstract

The charging flexibility of electric vehicles (EV) when aggregated by a market agent creates an opportunity for selling manual reserve in the electricity market. This paper describes a new optimization algorithm for optimizing manual reserve bids. Furthermore, two operational management algorithms covering alternative gate closures (i.e., day-ahead and hour-ahead) are also described. These operational algorithms coordinate EV charging for mitigating forecast errors. A case-study with data from the Iberian electricity market and synthetic EV time series is used for evaluating the algorithms.