Title: Risk-based operation of plug-in electric vehicles in a microgrid using downside risk constraints method

Authors: Liang Ran; Jian Yu; Zhiwen Ma; Caiyan Liu

Addresses: State Grid Zhangye Electric Power Supply Company, Zhangye, China ' State Grid Zhangye Electric Power Supply Company, Zhangye, China ' State Grid Zhangye Electric Power Supply Company, Zhangye, China ' State Grid Zhangye Electric Power Supply Company, Zhangye, China

Abstract: To achieve the benefits as much as possible, it is required to identify the available PEV capacity and prepare scheduling plans based on that. The analysis revealed that the risk-based scheduling of the microgrid could reduce the financial risk completely from $9.89 to $0.00 and increases the expected operation cost by 24% from $91.38 to $112.94, in turn. This implies that the risk-averse decision-maker tends to spend more money to reduce the expected risk-in-cost by using the proposed downside risk management technique. At the end, by the help of fuzzy satisfying method, the suitable risk-averse strategy is determined for the studied case.

Keywords: plug-in electric vehicle; energy markets; two-stage stochastic programming; downside risk constraints; fuzzy decision-making.

DOI: 10.1504/IJVICS.2024.142054

International Journal of Vehicle Information and Communication Systems, 2024 Vol.9 No.4, pp.393 - 414

Received: 19 Dec 2023
Accepted: 06 Mar 2024
Published online: 07 Oct 2024 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article