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Menu-Based Pricing for Charging of Electric Vehicles with Vehicle-to-Grid Service by Ghosh, Arnob; Aggarwal, Vaneet is a scholarly article available to read on EtoBox.

What is Menu-Based Pricing for Charging of Electric Vehicles with Vehicle-to-Grid Service about?

The paper considers a bidirectional power flow model of the electric vehicles (EVs) in a charging station. The EVs can inject energies by discharging via a Vehicle-to-Grid (V2G) service which can enhance the profits of the charging station. However, frequent charging and discharging degrade battery life. A proper compensation needs to be paid to the users to participate in the V2G service. We propose a menu-based pricing scheme, where the charging station selects a price for each arriving user for the amount of battery utilization, the total energy, and the time (deadline) that the EV will stay. The user can accept one of the contracts or rejects all depending on their utilities. The charging station can serve users using a combination of the renewable energy and the conventional energy bought from the grid. We show that though there exists a profit maximizing price which maximizes the social welfare, it provides no surplus to the users if the charging station is aware of the utilities of the users. If the charging station is not aware of the exact utilities, the social welfare maximizing price may not maximize the expected profit. In fact, it can give a zero profit. We propose a p

Author

Ghosh, Arnob; Aggarwal, Vaneet

Published

2016

Language

EN