Abstract
Along with the electrification of vehicles, the sector coupling of electricity and transportation is progressing and demand response using electric vehicles is becoming more important for further effective use of renewable energy. The aim of this paper is to analyze the feasibility of demand response using electric buses in the market price-linked contract. Most of the previous studies on demand response using electric vehicles have focused on consumers, and there have been few studies on buses, which are considered to have less uncertainty and are easier to manage. To analyze the effectiveness of the market price-linked contract for promoting demand response in electric bus operations, the operation, annual costs for the bus operator, and revenues for the retailer are compared for the conventional fixed price contract case and the market price-linked contract case. The results show that the market price-linked contract is more effective in promoting demand response and making the profitability of retailers more stable. This paper shows some possibilities for electric buses to join demand response programs in the future.
