Maximizing the Electric Vehicles’ Owners Profit Considering Optimal Charging and Discharging Management in the Distribution Networks Using Dynamic Programming

With an increasing penetration rate of electric vehicles in distribution networks, it is becoming vital to schedule their battery charging/discharging to maintain the network balance and increase the vehicle owners’ profit. Electric vehicles are now considered one of the most important and accessibl...

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Main Authors: Ali Masoudi, Mohsen Simab, Hamidreza Akbarj, Seyed Amin Saeed, Tahereh Daemi
Format: Article
Language:English
Published: University of Sistan and Baluchestan 2022-06-01
Series:International Journal of Industrial Electronics, Control and Optimization
Subjects:
Online Access:https://ieco.usb.ac.ir/article_6760_c8ba7bd1caf68f00622690242442bafd.pdf
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author Ali Masoudi
Mohsen Simab
Hamidreza Akbarj
Seyed Amin Saeed
Tahereh Daemi
author_facet Ali Masoudi
Mohsen Simab
Hamidreza Akbarj
Seyed Amin Saeed
Tahereh Daemi
author_sort Ali Masoudi
collection DOAJ
description With an increasing penetration rate of electric vehicles in distribution networks, it is becoming vital to schedule their battery charging/discharging to maintain the network balance and increase the vehicle owners’ profit. Electric vehicles are now considered one of the most important and accessible sources of revenue for their owners since they can be connected to the grid (V2G) as a power source during peak hours. As such, while flattening the power profile, they can improve the voltage drop across the grid buses. If charging/discharging of the vehicles is scheduled irregularly, the power drawn from the phases will become unbalanced, which can cause global outages and impair system stability in addition to increasing the harmonic volume and decreasing power quality. The present paper uses dynamic programming to reduce operating costs and enhance the profits of vehicle owners who participate in the V2G program. This optimization algorithm eliminates the undesirable paths leading to unconventional responses in the search space, which will greatly increase the speed and accuracy by which the optimal response is achieved. This model, along with multi-part tariffs on electricity prices, can lead to the more active participation of vehicle owners and help improve the power quality indices of the electrical parameters of the grid. The proposed method is simulated on a sample distribution network, and the case studies conducted prove the validity of the proposed algorithm.
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spelling doaj.art-d5a3d8f03cc24a3cb5b336bf80226a492022-12-22T03:47:42ZengUniversity of Sistan and BaluchestanInternational Journal of Industrial Electronics, Control and Optimization2645-35172645-35682022-06-015210912110.22111/ieco.2022.40219.13866760Maximizing the Electric Vehicles’ Owners Profit Considering Optimal Charging and Discharging Management in the Distribution Networks Using Dynamic ProgrammingAli Masoudi0Mohsen Simab1Hamidreza Akbarj2Seyed Amin Saeed3Tahereh Daemi4Department Electrical Engineering, Islamic Azad University, Yazd branch,Islamic Azad University MarvdashtIslamic azad universityDepartment of Electrical Engineering, Islamic Azad University, Yazd branchDepartment of Electrical Engineering, Islamic Azad University, Yazd branchWith an increasing penetration rate of electric vehicles in distribution networks, it is becoming vital to schedule their battery charging/discharging to maintain the network balance and increase the vehicle owners’ profit. Electric vehicles are now considered one of the most important and accessible sources of revenue for their owners since they can be connected to the grid (V2G) as a power source during peak hours. As such, while flattening the power profile, they can improve the voltage drop across the grid buses. If charging/discharging of the vehicles is scheduled irregularly, the power drawn from the phases will become unbalanced, which can cause global outages and impair system stability in addition to increasing the harmonic volume and decreasing power quality. The present paper uses dynamic programming to reduce operating costs and enhance the profits of vehicle owners who participate in the V2G program. This optimization algorithm eliminates the undesirable paths leading to unconventional responses in the search space, which will greatly increase the speed and accuracy by which the optimal response is achieved. This model, along with multi-part tariffs on electricity prices, can lead to the more active participation of vehicle owners and help improve the power quality indices of the electrical parameters of the grid. The proposed method is simulated on a sample distribution network, and the case studies conducted prove the validity of the proposed algorithm.https://ieco.usb.ac.ir/article_6760_c8ba7bd1caf68f00622690242442bafd.pdfdynamic programmingoptimizationelectric vehiclesunbalancing
spellingShingle Ali Masoudi
Mohsen Simab
Hamidreza Akbarj
Seyed Amin Saeed
Tahereh Daemi
Maximizing the Electric Vehicles’ Owners Profit Considering Optimal Charging and Discharging Management in the Distribution Networks Using Dynamic Programming
International Journal of Industrial Electronics, Control and Optimization
dynamic programming
optimization
electric vehicles
unbalancing
title Maximizing the Electric Vehicles’ Owners Profit Considering Optimal Charging and Discharging Management in the Distribution Networks Using Dynamic Programming
title_full Maximizing the Electric Vehicles’ Owners Profit Considering Optimal Charging and Discharging Management in the Distribution Networks Using Dynamic Programming
title_fullStr Maximizing the Electric Vehicles’ Owners Profit Considering Optimal Charging and Discharging Management in the Distribution Networks Using Dynamic Programming
title_full_unstemmed Maximizing the Electric Vehicles’ Owners Profit Considering Optimal Charging and Discharging Management in the Distribution Networks Using Dynamic Programming
title_short Maximizing the Electric Vehicles’ Owners Profit Considering Optimal Charging and Discharging Management in the Distribution Networks Using Dynamic Programming
title_sort maximizing the electric vehicles owners profit considering optimal charging and discharging management in the distribution networks using dynamic programming
topic dynamic programming
optimization
electric vehicles
unbalancing
url https://ieco.usb.ac.ir/article_6760_c8ba7bd1caf68f00622690242442bafd.pdf
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