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Optimal Operation Strategy of Virtual Power Plant Using Electric Vehicle Agent-Based Model Considering Operational Profitability

Author

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  • Hwanmin Jeong

    (Electrical Engineering and Computer Science, Gwangju Institute of Science and Technology, Gwangju 61005, Republic of Korea)

  • Jinho Kim

    (Electrical Engineering and Computer Science, Gwangju Institute of Science and Technology, Gwangju 61005, Republic of Korea)

Abstract

Growing EV adoption is reshaping how Distributed Energy Resources (DERs) interact with the grid, playing a pivotal role in global decarbonization efforts and the transition towards a sustainable energy future. This study built a Virtual Power Plant (VPP) operation framework centered on EV behavioral dynamics, connecting individual driving and charging behaviors with the physical and economic layers of energy management. The EV behavioral dynamic model quantifies the stochastic travel, parking, and charging behaviors of individual EVs through an Agent-Based Trip and Charging Chain (AB-TCC) simulation, producing a Behavioral Flexibility Trace (BFT) that represents time-resolved EV availability and flexibility. The Forecasting Model employs a Bi-directional Long Short-Term Memory (Bi-LSTM) network trained on historical meteorological data to predict short-term renewable generation and represent physical variability. The two-stage optimization model integrates behavioral and physical information with market price signals to coordinate day-ahead scheduling and real-time operation, minimizing procurement costs and mitigating imbalance penalties. Simulation results indicate that the proposed framework yielded an approximately 15% increase in revenue over 7 days through EV-based flexibility utilization. These findings demonstrate that the proposed approach effectively leverages EV flexibility to manage renewable generation variability, thereby enhancing both the profitability and operational reliability of VPPs in local distribution systems. This facilitates greater penetration of intermittent renewable energy sources, accelerating the transition to a low-carbon energy system.

Suggested Citation

  • Hwanmin Jeong & Jinho Kim, 2025. "Optimal Operation Strategy of Virtual Power Plant Using Electric Vehicle Agent-Based Model Considering Operational Profitability," Sustainability, MDPI, vol. 17(24), pages 1-26, December.
  • Handle: RePEc:gam:jsusta:v:17:y:2025:i:24:p:11291-:d:1819589
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