Minimization of Residential Energy Cost Considering Energy Storage System and EV With Driving Usage Probabilities

Electric vehicle (EV) can be applied to discharge power back to the grid, which is called vehicle-to-grid (V2G) technology. There is a constant debate on whether V2G is an economically viable option due to the high battery degradation cost. In this work, the cost benefit of EV customers participating in V2G has been studied using different feed-in tariffs (FITs). A model is developed for minimization of energy cost for residential users, which...