Decision Model of Day Ahead Frequency Regulation for Electric Vehicle Users Based on Prospect Theory
To reduce the difficulty for electric vehicle(EV)users to participate in the day-ahead frequency regulation ancil-lary services market and improve their participation enthusi-asm,by introducing the net income of EV when charging off the grid and the impact of battery power on user psychology in-to the value function of prospect theory,a day-ahead decision model for EV users to participate in frequency regulation auxil-iary service market under bounded rationality was established.This model considers the battery aging cost of EVs participat-ing in frequency regulation auxiliary service,studies the optim-ization strategy of EV reserve capacity,and the quotation strategy of the frequency regulation auxiliary service market.In addition,three feasible simplified EV frequency regulation aux-iliary service participation modes were provided for users to choose from.The effectiveness and feasibility of EV users'day ahead FM decision model based on prospect theory was veri-fied through the analysis of a numerical example,and it is more consistent with the actual EV users'decision-making behavior.
prospect theoryday-ahead frequency regula-tiondecisionmodeluser behaviorbattery energy value
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