A charging and dispatching strategy for optimizing profits from V2G is presented. This optimization strategy builds on temporally resolved electricity market data. A case study shows that this method turns a S$ 1000 annual loss into a S$ 130 profit. Sensitivity analyses indicate potential for further increase of profitability. Employing this strategy in other countries is assumed to yield much greater profits. a r t i c l e i n f o
b s t r a c tEmploying electric vehicles as short-term energy storage could improve power system stability and at the same time create a new income source for vehicle owners. In this paper, the economic viability of this concept referred to as Vehicle-to-Grid is investigated. For this purpose, a price-responsive charging and dispatching strategy built upon temporally resolved electricity market data is presented. This concept allows vehicle owners to maximize returns by restricting market participation to profitable time periods. As a case study, this strategy is then applied using the example of Singapore. It is shown that an annual loss of S$ 1000 resulting from a non-price-responsive strategy as employed in previous works can be turned into a S$ 130 profit by applying the price-responsive approach. In addition to this scenario, realistic mobility patterns which restrict the temporal availability of vehicles are considered. In this case, profits in the range of S$ 21eS$ 121 are achievable. Returns in this order of magnitude are not expected to make Vehicle-to-Grid a viable business case, sensitivity analyses, however, show that improved technical parameters could increase profitability. It is further assumed that employing the priceresponsive strategy to other national markets may yield significantly greater returns.