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Electricity-price arbitrage with plug-in hybrid electric vehicle: Gain or loss?

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  • Shang, Duo (Rick)
  • Sun, Guodong

Abstract

Customers, utilities, and society can gain many benefits from distributed energy resources (DERs), including plug-in hybrid electric vehicles (PHEVs). Using battery on PHEV to arbitrage electricity price is one of the potential benefits to PHEV owners. There is, however, disagreement on the magnitude of such profit. This study uses a stochastic optimization model to estimate the potential profit from electricity price arbitrage of two types of PHEVs (PHEV-10, and PHEV-40) under three scenarios with variant electricity tariff and PHEV owners over a five-year period.

Suggested Citation

  • Shang, Duo (Rick) & Sun, Guodong, 2016. "Electricity-price arbitrage with plug-in hybrid electric vehicle: Gain or loss?," Energy Policy, Elsevier, vol. 95(C), pages 402-410.
  • Handle: RePEc:eee:enepol:v:95:y:2016:i:c:p:402-410
    DOI: 10.1016/j.enpol.2016.05.019
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    References listed on IDEAS

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    1. Hadley, Stanton W. & Tsvetkova, Alexandra A., 2009. "Potential Impacts of Plug-in Hybrid Electric Vehicles on Regional Power Generation," The Electricity Journal, Elsevier, vol. 22(10), pages 56-68, December.
    2. Axsen, Jonn & Kurani, Kenneth S. & Burke, Andrew, 2010. "Are batteries ready for plug-in hybrid buyers?," Transport Policy, Elsevier, vol. 17(3), pages 173-182, May.
    3. Axsen, Jonn & Burke, Andy & Kurani, Kenneth S, 2010. "Are Batteries Ready for Plug-in Hybrid Buyers?," Institute of Transportation Studies, Working Paper Series qt7vh184rw, Institute of Transportation Studies, UC Davis.
    4. Sioshansi, Ramteen & Denholm, Paul & Jenkin, Thomas & Weiss, Jurgen, 2009. "Estimating the value of electricity storage in PJM: Arbitrage and some welfare effects," Energy Economics, Elsevier, vol. 31(2), pages 269-277, March.
    5. Shane Frederick & George Loewenstein & Ted O'Donoghue, 2002. "Time Discounting and Time Preference: A Critical Review," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 351-401, June.
    6. Mau, Paulus & Eyzaguirre, Jimena & Jaccard, Mark & Collins-Dodd, Colleen & Tiedemann, Kenneth, 2008. "The 'neighbor effect': Simulating dynamics in consumer preferences for new vehicle technologies," Ecological Economics, Elsevier, vol. 68(1-2), pages 504-516, December.
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    Cited by:

    1. repec:gam:jeners:v:11:y:2018:i:8:p:2165-:d:164516 is not listed on IDEAS
    2. repec:gam:jsusta:v:9:y:2017:i:11:p:2075-:d:118455 is not listed on IDEAS
    3. repec:eee:enepol:v:111:y:2017:i:c:p:321-335 is not listed on IDEAS
    4. repec:gam:jeners:v:11:y:2018:i:8:p:2174-:d:164708 is not listed on IDEAS
    5. repec:eee:energy:v:145:y:2018:i:c:p:152-170 is not listed on IDEAS

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