The article estimates the costs of plug-in electric vehicles (EVs) in a future power system as well as the benefits from smart charging and discharging EVs (smart EVs). To arrive in a good estimate, a generation planning model was used to create power plant portfolios, which were operated in a more detailed unit commitment and dispatch model. In both models the charging and discharging of EVs is optimised together with the rest of the power system. Neither the system cost nor the market price of electricity for EVs turned out to be high (36-263 /vehicle/year in the analysed scenarios). Most of the benefits of smart EVs come from smart timing of charging although benefits are also accrued from provision of reserves and lower power plant portfolio cost. The benefits of smart EVs are 227 /vehicle/year. This amount has to cover all expenses related to enabling smart EVs and need to be divided between different actors. Additional benefits could come from the avoidance of grid related costs of immediate charging, but these were not part of the analysis.
- power generation dispatch,power generation planning,power system economics