Aggregated electric vehicle resource modelling for regulation services commitment in power grid

•Utilization of EVs for power system regulation services is proposed using V2G concept.•G2V/V2G coordination schemes for electricity market participation is developed taking two parking places.•Mobility traits dependent electrical parameters are deduced to obtain regulation schedule.•G2V/V2G model is extrapolated to test the storage capacity commitment through a fleet of BEVs.•Storage capacity contract in electricity markets would result in significant revenue openings.