Regime-switching based vehicle-to-building operation against electricity price spikes

Electricity price may present very large spikes due to imbalance between generation and demand, especially during heavily loaded periods. Such peak price may incur significant cost to building operation. With the vehicle-to-building (V2B) technology, electric vehicle battery can be used as temporal...

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Veröffentlicht in:	Energy economics 2017-08, Vol.66, p.1-8
Hauptverfasser:	Zhang, Lei, Li, Yaoyu
Format:	Artikel
Sprache:	eng
Schlagworte:	Alternative fuel vehicles Batteries Buildings Computer simulation Demand response Electric rates Electric vehicles Electricity Electricity generation Electricity price modeling Electricity pricing Energy Energy economics Energy sources High risk Imbalance Markov chains Parking Power Price increases Prices Regime switching models Risk levels Risk management Risk reduction Simulation Smart grid Spikes Storage batteries Switching Technology Vehicle-to-building
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