Smart Decentralized Electric Vehicle Aggregators for Optimal Dispatch Technologies

The number of electric vehicles (EVs) is growing exponentially, which presents the power grid with new challenges to turn their reliance to renewable energy sources (RESs). Coordination between the available generations from RESs and the charging time should be managed to optimally utilize the available generation from RESs. The dispatch scheduling of EVs can significantly reduce the impact of these challenges on power systems. Three different technologies can be used to manage the dispatch of EV batteries which are unregulated charging (UC), unidirectional grid-to-vehicle (G2V), and bidirectional vehicle-to-grid (V2G) technologies. This study aims to address the primary reason for EV owners' disbelief in the accuracy of battery wear models, which is impeding their involvement in V2G technology. This paper introduces a novel accurate EV battery wear model considering the instantaneous change in the operation of the EV battery. Moreover, an effective musical chairs algorithm (MCA) is used to reduce everyday expenses and increase revenue for V2G technologies in a short convergence time with accurate determination of optimal power dispatch scheduling. The results obtained from these three strategies are compared and discussed. The salient result from this comparison is that V2G technology increases wear and reduces the battery lifespan in comparison with the UC and G2V. The yearly expenses of G2V are reduced by 33% compared to the one associated with the UC. Moreover, the use of V2G technology provides each EV owner with USD 3244.4 net yearly profit after covering the charging and wear costs. The superior results extracted from the proposed model showed the supremacy of V2G usage, which is advantageous for both EV owners and the power grid.