Valuation of contract between power supplier and electric vehicle owner

Abstract

The role of EVs can range from that of passive loads with no difference compared to the traditional ones to active components highly beneficial to the modern power system. An essential part in changing EV storages from passive to active components is the contractual framework. Therefore, we present several different agreements that can be formed between a power supplier and an EV owner. These agreements establish the terms for utilization of storages when an EV is parked and connected to a household charger. We show that these benefits are significant and present a valuable economic opportunity for both EV owners and power suppliers.