NDLI: Potential Impacts of Plug-in Hybrid Electric Vehicles on Locational Marginal Prices

Content Provider	IEEE Xplore Digital Library
Author	Lizhi Wang
Copyright Year	2008
Description	Author affiliation: Dept. of Ind. & Manuf. Syst. Eng., Iowa State Univ., Ames, IA (Lizhi Wang)
Abstract	This paper analyzes the potential impacts of plug-in hybrid electric vehicles (PHEVs) on locational marginal prices (LMPs). PHEVs are the next generation of hybrid electric vehicles with batteries that can be recharged by plugging into a standard electric power outlet. On the one hand, PHEVs produce less emissions, have higher mileage, and reduce dependency on foreign supplies of oil. On the other hand, economic and technical obstacles still exist, and potential impacts on both transportation and electric power systems need to be studied. Simulation results from a PJM five-bus test example show that, if the electricity load increases by 10% due to recharging PHEVs, the load-weighted mean and standard deviation of LMPs would increase by more than 26% and 62%, respectively. The effects of battery stations that provide hot-swap services are also studied. If the load increases by 10%, by taking advantage of the spatial price differences and shipping batteries between different locations, the battery stations could recharge the batteries at 73% of what it would cost for PHEV drivers to recharge in home garages. At the same time, the mean of LMPs would only increase by about 6% and the standard deviation would even decrease.
Starting Page	1
Ending Page	7
File Size	640952
Page Count	7
File Format	PDF
ISBN	9781424428502
DOI	10.1109/ENERGY.2008.4780997
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2008-11-17
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Costs USA Councils Power generation economics Pricing Fuel economy Electricity supply industry Batteries Hybrid electric vehicles Power generation Petroleum
Content Type	Text
Resource Type	Article

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
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4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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