Economic Valuation of Vehicle-Grid Integration (VGI) in a Demand Response Application from Each Stakeholder’s Perspective

Recently, the use of electric vehicles in a power grid has been attracting attention. The success vehicle-grid integration (VGI) requires active participation not only VGI service providers but also vehicle owners, utility companies, and government service. However, until now, such research sufficiently discussed. Thus, we propose framework for analyzing economic environment which each stakeholder can participate, especially application demand response, derive its value Korea. Also, through proposed framework, suggest optimal scenarios policy directions participant’s successful business. Our results show that company need to share their benefits with provider make success.