A price-regulated electric vehicle charge-discharge strategy for G2V, V2H, and V2G

Electric vehicles (EVs) and smart grids are gradually revolutionising the transportation sector and electricity sector respectively. In contrast to unplanned charging/discharging, smart use of EV in home energy management system (HEMS) can ensure economic benefit to the EV owner. Therefore, this paper has proposed a new energy pricing controlled EV charging/discharging strategy in HEMS to acquire maximum financial benefit. EV is scheduled to be charged/discharged according to the price of electricity during peak and off-peak hours. In addition, two different types of EV operation modes, ie, grid-to-vehicle (G2V) in off-peak time and vehicle-to-home (V2H) in on-peak time are considered to determine comparative economic benefit of planned EV charging/discharging. The real load profile of a house in Melbourne and associated electricity pricing is selected for the case study to determine the economic gain. The simulation results illustrate that EV participating in V2H contributes approximately 11.6% reduction in monthly electricity costs compared with G2V operation mode. Although the facility of selling EV energy to the grid is not available currently, the pricing controlled EV charging/discharging presented in the paper can be used if such facility becomes available in the future.