A sharing economy market system for private EV parking with consideration of demand side management

Fangyuan Xu, Xujie Chen, Miao Zhang, Ya Zhou, Yanpeng Cai, Yang Zhou, Ruixin Tang and Yifei Wang

Energy, 2020, vol. 190, issue C

Abstract: Sharing economy leads to a series of revolutions in various industries, which increases the efficiency of assets utilization and reduces redundant products. Parking space sharing is a typical presentation of sharing economy. With the rapid development of electric vehicle (EV), shared parking with EVs brings a large storage resources with dynamic entry and exit behaviours for microgrid. This paper proposes a new market framework for shared parking space with EVs. This framework provides chances for microgrid or aggregator to utilize the EVs’ storages in the demand side management (DSM). DSM in microgrid will optimize their costs by modifying EVs’ charging/discharging behaviours. The benefits earned from DSM will be shared to car owners as well. Moreover, the proposed compensational matching module will use the shared DSM benefit to compensate the price gap between cars and car owners, indicating that DSM on sharing car space can provide more parking chances. A numerical study on practical data is used to verify the model. Results show that the proposed framework can not only reduce the power cost of microgrid and renting fee of cars, but also promote more chances of parking.

Keywords: Sharing economy; Shared car parking; Demand side management; Smart grid; Electric vehicle (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:190:y:2020:i:c:s036054421932016x

DOI: 10.1016/j.energy.2019.116321

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