Optimal pricing of vehicle-to-grid services using disaggregate demand models
File(s)energies-14-01090-v2.pdf (5.87 MB)
Published version
Author(s)
Latinopoulos, Charilaos
Sivakumar, Aruna
Polak, John
Type
Journal Article
Abstract
The recent revolution in electric mobility is both crucial and promising in the coordinated effort to reduce global emissions and tackle climate change. However, mass electrification brings up new technical problems that need to be solved. The increasing penetration rates of electric vehicles will add an unprecedented energy load to existing power grids. The stability and the quality of power systems, especially on a local distribution level, will be compromised by multiple vehicles that are simultaneously connected to the grid. In this paper, the authors propose a choice-based pricing algorithm to indirectly control the charging and V2G activities of electric vehicles in non-residential facilities. Two metaheuristic approaches were applied to solve the optimization problem, and a comparative analysis was performed to evaluate their performance. The proposed algorithm would result in a significant revenue increase for the parking operator, and at the same time, it could alleviate the overloading of local distribution transformers and postpone heavy infrastructure investments.
Date Issued
2021-02-19
Date Acceptance
2021-02-12
Citation
Energies, 2021, 14 (4)
ISSN
1996-1073
Publisher
MDPI AG
Journal / Book Title
Energies
Volume
14
Issue
4
Copyright Statement
© The Author(s) 2021. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
License URL
Subjects
Science & Technology
Technology
Energy & Fuels
electric vehicle charging
vehicle-to-grid
genetic algorithms
particle swarm optimization
demand-side management
discrete choice theory
revenue management
02 Physical Sciences
09 Engineering
Publication Status
Published
Article Number
ARTN 1090