On the plug-in electric vehicles effects investigation in electricity marketing

I. T. Cheon *

Department of Electrical and Electronic Engineering, College of Engineering, Yonsei University, Seoul, South Korea


Plug-in electric vehicles (PEV) have a limited share of the current market. However, it is widely expected that the situation will change in the near future and the penetration of battery-operated vehicles will increase significantly. Indeed, demand response (DR) brings a positive effect on the uncertainties of renewable energy sources, improving market efficiency and enhancing system reliability. The main goal of this paper is to address the economic part, different types of PEV modeling and their management. Vehicle to grid (V2G) and grid-to-vehicle (G2V) concepts are one of the smart grid technologies, which involves the electric vehicles (EV) to improve the power system operation. In the first part of this paper, the V2G and G2V technologies are investigated. In the second part, the electricity markets are studied. In electricity markets section, world applications are investigated and various market categories labeled. Also the application some renewable energy sources such as photovoltaic are discussed.


Plug-in electric vehicles, Vehicle to grid, Grid-to-vehicle, Electricity, markets, Management

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Article history

Received 20 December 2018, Received in revised form 10 March 2019, Accepted 16 March 2019

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Cheon IT (2019). On the plug-in electric vehicles effects investigation in electricity marketing. Annals of Electrical and Electronic Engineering, 2(5): 6-13

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