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As an emerging new electrical load, plug-in electric vehicles (PEVs)’ impact on the power grid has drawn increasing attention worldwide. An optimal scenario is that by digging the potential of PEVs as a moveable energy storage device, they may not harm the power grid by, for example, triggering extreme surges in demand at rush hours, conversely, the large-scale penetration of PEVs could benefit the grid through flattening the power load curve, hence, increase the stability, security and operating economy of the grid. This has become a hot issue which is known as vehicle-to-grid (V2G) technology within the framework of smart grid. In this paper, a scenario of V2G implementation within regional smart grids is discussed. Then, the problem is mathematically formulated. It is essentially an optimization problem, and the objective is to minimize the overall load variance. With the increase of the scale of PEVs and …