Stochastic parking energy pricing strategies to promote competition arena in an intelligent parking

Shima Bagherzade, Rahmat-Allah Hooshmand, Pouya Firouzmakan, Amin Khodabakhshian and Mehdi Gholipour

Energy, 2019, vol. 188, issue C

Abstract: The use of storage systems has recently been increased to cope with the uncertainties related to renewable energy sources and also to increase the flexibility required for applying energy management system. Energy management system is considered as a key factor to enhance the effective performance of Microgrids regarding energy demand boosting. Since any parking lot with electric vehicles can participate in distribution systems as a storage unit, this paper employs a new technique for parking management system to develop competition between electric vehicles owners inside the parking lot. Parking lot is responsible to support energy management system to decrease the operation cost and to increase the reliability in grid-connected and islanding modes of Microgrid. The new method considers the stochastic behaviors of electric vehicles, including their arrivals and departures with their bids. The strategy of energy management system is based on determining the output power of generation units and the operation mode of the parking lot. This system also provides the demand response programs to consumers for load shifting. A multi-objective optimization problem is used to optimize both the operation cost and the reliability of the Microgrid. The capability of the proposed algorithm is verified by simulation results.

Keywords: Parking management system; Electrical vehicles; Energy management system; Reliability; Demand response (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0360544219317797
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:188:y:2019:i:c:s0360544219317797

DOI: 10.1016/j.energy.2019.116084

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().