Optimal Bidding Strategy of Virtual Power Plant Incorporating Vehicle-to-Grid Electric Vehicles

With the increasing penetration of renewable energy and electric vehicles (EVs), virtual power plants (VPPs) have become a key mechanism for coordinating distributed energy resources and flexible loads to participate in electricity markets. However, the uncertainties of renewable generation and EV user behavior pose significant challenges to bidding strategies and real-time execution. This study proposes a two-stage optimal bidding strategy for VPPs by integrating vehicle-to-grid (V2G) technology. An aggregated EV schedulable-capacity model is established to characterize the time-varying charging and discharging capability boundaries of the EV fleet. A unified day-ahead and real-time optimization framework is further developed to ensure coordinated bidding and scheduling. Case studies on a modified IEEE-33 bus system demonstrate that the proposed strategy significantly enhances renewable energy utilization and market revenues, validating the effectiveness of coordinated V2G operation and multi-type flexible load control.