This ARENA Insights Report explores how EVs can participate in Frequency Control Ancillary Services (FCAS) markets to aid in stabilising our energy grid system through Vehicle-to-Grid. Utilising data from ARENA’s Realising Electric Vehicle to Grid Services (REVS) project, Energeia’s analysis estimates the revenue potential of Vehicle-to-Grid (V2G) in a fleet setting.
Report extract
The key findings from this analysis were:
- The average electric vehicle could have earned ~$12,000 participating in the NSW FCAS raise regulation market or ~$2,600 in the NSW FCAS raise 60-second contingency market, based on 2022 data;
- The average electric vehicle could earn ~$9,000 from participating in the NSW FCAS lower regulation market, or ~$2,000 from participating in the NSW FCAS lower 60-second contingency market, based on 2022 data;
- Vehicles were often fully charged when FCAS were required, so charging behaviours need to be managed to ensure enough headroom to participate in the FCAS lower markets; and
- Participation in the contingency FCA