A Time-of-Use Pricing Strategy for Managing Electric Vehicle Clusters
Publication Year: 2021
Author(s): Vuelvas J, Ruiz F, Gruosso G
Abstract:
The penetration of electric vehicles in the transportation sector has been expanding quickly in recent years. In this paper the authors have proposed a contract between an aggregator and a fleet of electric vehicles, allowing to design prices that induce users to modify their energy consumption in demand response programs. A demand response program for electric vehicles (EV) is proposed to control the charging decision process in EV clusters. This approach corresponds to a time-of-use solution which is an indirect method, based on prices, for inducing demand modifications on consumers. An aggregator of EV fleet acts as a dealer between an electricity market and consumers. The EV aggregator is a price-taker agent from the wholesale electricity market viewpoint and price designer when selling energy to consumers. A game-theoretical model based on a Stackelberg formulation is proposed to capture the interactions between the fleet operator and electric vehicle owners, avoiding the requirement of a price elasticity model for the EV clusters. The interaction between the agents is formulated as a bi-level optimization problem: At the upper-level, the aggregator maximizes its benefits whereas the lower-level represents the dynamic behaviour of rational drivers as a fleet. The EV operator faces uncertainty in wholesale prices when buying energy and when forecasting consumption behaviour, then random parameters are modelled in a scenario framework. The efficiency of the model is measured by means of a case study using historical data from car-sharing services in Italy, comparing the outcome with a model of fixed prices. It is seen that the proposed price-based scheme helps to increase the aggregator profit with respect to a fixed-price contract, which also creates a load shifting effect in the fleet charging profile.
Source of Publication: Sustainable Energy, Grids and Networks
Vol/Issue: 25,(100411):1-9p.
DOI No.: 10.1016/j.segan.2020.100411
Country: Italy
Publisher/Organisation: Elsevier Ltd
Rights: Elsevier Ltd
Theme: Charging Infrastructure | Subtheme: Commercial and Institutional charging
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