Designing a Transactive Electric Vehicle Agent with Customer's Participation Preference

Ankit Singhal, Sarmad Hanif, Bishnu Bhattarai, Fernando B. dos Reis, Hayden Reeve and Robert Pratt

Papers from arXiv.org

Abstract: The proliferation of electric vehicles (EVs) and their inherent flexibility in charging timings make them an asset to improve grid performance. In contrast to direct control by a utility or autonomous price-based charging, the transactive control framework not only provides benefits to both grid and customers but also ensures customer autonomy. In this work, we design a transactive electric vehicle (TEV) agent that incorporates the EV owner's willingness to trade-off between savings and amenity in form of a slider, where the EV owner's amenity is characterized as vehicle readiness. Further, a privacy-preserving bidding formulation is proposed that also represents the customer's transactive preference. A transactive market mechanism is discussed that integrates the TEV Agents into the local retail market and reconciles with the current day-ahead and real-time market structure. It is demonstrated that the proposed slider is able to provide a preferred trade-off between savings and amenity to individual customers. At the same time, the market mechanism is shown to successfully reduce both peak prices and peak demand. A comparative investigation of V1G and V2G technologies with respect to the battery prices is also discussed.

Date: 2022-03
New Economics Papers: this item is included in nep-ene and nep-tre
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://arxiv.org/pdf/2203.16516 Latest version (application/pdf)

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:arx:papers:2203.16516

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().