A vehicle owner is considering improving the financial return on their electric vehicle by making available...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A vehicle owner is considering improving the financial return on their electric vehicle by making available to the V2G system, which involves upgrading the electrical supply at their home and workplace to accommodate 16 kW of energy flux in current to/from the EV, and entering into a contract to provide both regulation and energy services to the independent system operator. For all electricity sales to/from the vehicle, assume a unit cost of $0.18/kWh. The terms of the contract specify that, on the regulation side, the vehicle will be available 16 hours per day. To meet this requirement, the owner has home charging capability at home and access to charging at their work parking space. For regulation services, the price paid for 1 kW of regulation capacity for 1 hour is $0.05/kWh. On the energy sales side, the dispatch-to-contract ratio Reis 0.10. The capital cost of all additional equipment needed to join V2G is $2670 initially, and it should be annualized at 5% over 10 years. The round-trip efficiency of taking charge from the grid and returning it to the grid is 76%. The degradation charge for using the batteries is $0.04 per kWh of electricity stored. 2 Calculate the net revenue or cost, and indicate whether the V2G option is attractive or not to the owner. (Hint: The solution to this problem does not depend on the size of the battery system or minimum driving range required, etc., so these data are not provided). A vehicle owner is considering improving the financial return on their electric vehicle by making available to the V2G system, which involves upgrading the electrical supply at their home and workplace to accommodate 16 kW of energy flux in current to/from the EV, and entering into a contract to provide both regulation and energy services to the independent system operator. For all electricity sales to/from the vehicle, assume a unit cost of $0.18/kWh. The terms of the contract specify that, on the regulation side, the vehicle will be available 16 hours per day. To meet this requirement, the owner has home charging capability at home and access to charging at their work parking space. For regulation services, the price paid for 1 kW of regulation capacity for 1 hour is $0.05/kWh. On the energy sales side, the dispatch-to-contract ratio Reis 0.10. The capital cost of all additional equipment needed to join V2G is $2670 initially, and it should be annualized at 5% over 10 years. The round-trip efficiency of taking charge from the grid and returning it to the grid is 76%. The degradation charge for using the batteries is $0.04 per kWh of electricity stored. 2 Calculate the net revenue or cost, and indicate whether the V2G option is attractive or not to the owner. (Hint: The solution to this problem does not depend on the size of the battery system or minimum driving range required, etc., so these data are not provided).
Expert Answer:
Answer rating: 100% (QA)
Step 11 Net Revenue Regulation Services 16 hoursday x 1 kW x 005kWh x 365 days 28320year E... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these accounting questions
-
A space vehicle has an independent backup system for one of its communication networks. The probability that either system will function satisfactorily during a flight is 0.985. What is the...
-
It takes 15 kWh (kilowatt hours) of electrical energy to produce 1.0 kg of aluminum metal from aluminum oxide by the HallHeroult process. Compare this value with the amount of energy necessary to...
-
It takes 15 kWh (kilowatt-hours) of electrical energy to produce 1.0 kg of aluminum metal from aluminum oxide by the HallHeroult process. Compare this to the amount of energy necessary to melt 1.0 kg...
-
The Hartley Hotel Corporation is planning a major expansion. Hartley is financed 100 percent with equity and intends to maintain this capital structure after the expansion. Hartleys beta is 0.9. The...
-
CVP Analysis, Profit Equation [LO 3] Clyde's Marina has estimated that fixed costs per month are $305,040 and variable cost per dollar of sales is $0.40. 1. What is the break-even point per month in...
-
True or false? Explain your reasoning. a. The short-run average total cost can never be less than the long-run average total cost. b. The short-run average variable cost can never be less than the...
-
If possible, add the following irrational numbers without using a calculator. If this is not possible, state why. \(35 \pi+17 \pi\)
-
A. Steve Jackson (birthdate December 13, 1965) is a single taxpayer living at 3215 Pacific Dr., Apt. B, Pacific Beach, CA 92109. His Social Security number is 465-88-9415. In 2018, Steves earnings...
-
Check my work Juan, who is single, is a self-employed carpenter as well as an employee of Frame It, Inc. His self-employment net income is $33,875, and he received a W-2 from Frame It for wages of...
-
OCAS PROJECT. Effect of Damping. Consider a vibrating system of your choice modeled by y" + cy' + ky = d(t). %3D (a) Using graphs of the solution, describe the effect of continuously decreasing the...
-
The program shown below intends to identify numbers as even or odd. Even numbers are those completely divisible by 2, such as 2, 4, 6, 8, 10, etc. In contrast, odd numbers are not completely...
-
1. The expected return for stock A is 22% with a standard deviation of 25%. The expected return for stock B is 13% with a standard deviation of 15%. a. Which stock is riskier? b. If you had $1,000 to...
-
A 40kg fan has a rotation unbalance of magnitude of 0.05kgm tge fan is mounted on a beam which is specially treated to have a viscous damping by the variation of the speed of the fan the amplitude of...
-
2223S2-A2: Problem 5 (4 points) Let f(x) = (In(x)) sec(x). f'(x) = Find f'(x).
-
Consider following information Q1 - B _ Journa Entries 1 Mr. Ahmed invested cash Rs. 125,000 Date Description 2 Bought merchandise for cash Rs.20000 1 Cash 3 Paid rent for the month Rs.5000 4...
-
A student gave credit where needed in her writing assignment, except for one place. With all the copying and pasting into her draft, she had accidentally forgotten the paragraph was from a database...
-
There is no agreement as to the role or responsibilities of police officers. August Vollmer argued that vice should not be the purview of police and that when police become involved in vice, it...
-
An Atomic Energy Commission nuclear facility was established in Hanford, Washington, in 1943. Over the years, a significant amount of strontium 90 and cesium 137 leaked into the Columbia River. In a...
-
Calculate the amount of the child and dependent care credit allowed for 2012 in each of the following cases, assuming the taxpayers had no income other than the stated amounts. a. William and Carla...
-
Janie graduates from high school in 2012 and enrolls in college in the fall. Her parents pay $4,000 for her tuition and fees. a. Assuming Janie's parents have AGI of $170,000, what is the American...
-
Van makes an investment in a partnership in 2012. Van's capital contributions to the partnership consisted of $30,000 cash and a building with an adjusted basis of$70,000, subject to a nonrecourse...
-
The market interest rate is 15 percent. What is the price of a consol bond that pays \($120\) annually?
-
Assuming an interest rate of 10 percent, calculate the present value of the following streams of yearly payments: a. \($1,000\) per year forever, with the first payment one year from today. b....
-
World Transportation, Inc., is expected to initiate its quarterly dividend of \($1\) five years from today and the dividend is expected to remain constant permanently. What is the price of World...
Study smarter with the SolutionInn App