Vehicle to Grid (V2G) for Peak Shaving: New Trend, Benefits, and Issues

Abstract

Use of Electric Vehicles (EVs) or Plug-In Electronic Vehicles (PEVs) has gained the potential attention for traveling and transportation purposes. Since, as compared to the electric potential in transportation systems, EVs have also gained potential and can be transformed in a way to one of the supporting entities for grid systems. With this concept, Vehicle-to-Grid (V2G) is not only supporting the smart grid services, rather it can serve the harmonics reduction, frequency, voltage regulation, peak shaving and valley filling too. The use of V2G technology and its services specifically are used for peak shaving and one of the great concerns. These services offer various environmental, economic and implementation advantages. In this paper, we discuss the existing literature on V2G and peak shaving. In addition, we also discuss the benefits, shortcomings and probable solutions with conclusive findings. This review will help new researchers in the field of V2G for peak shaving.