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Markov chain based stochastic model of electric vehicle parking lot occupancy in vehicle-to-grid

The concept of connecting group of electric vehicles (EVs) to the grid for power transaction is known as Vehicle-to-Grid (V2G). The EVs can be connected to the grid through V2G integrators and charging slots. The arrival of EVs in parking lot is time varying and random in nature and facilitating them to participate in power transaction is challenging and aggregator's responsibility. In this paper, development of Markov chain based stochastic model of Electric Vehicle Parking Lot (EVPL) occupancy is proposed. A developed model is simulated using MATLAB and the results are presented.