Related papers: Contract Design for V2G Smart Energy Trading
With the aim of meeting the worlds net-zero objectives, electricity trading through contractual agreements is becoming increasingly relevant in global and local energy markets. We develop contracts enabling efficient energy trading using…
The rapid growth of electric vehicles (EVs) and the deployment of vehicle-to-grid (V2G) technology pose significant challenges for distributed power grids, particularly in fostering trust and ensuring effective coordination among…
The surging adoption of electric vehicles (EV) calls for accurate and efficient approaches to coordinate with the power grid operation. By being responsive to distribution grid limits and time-varying electricity prices, EV charging…
Vehicle-to-grid (V2G) technology empowers electric vehicles (EVs) to act as mobile energy resources, providing critical support to power systems, especially under stressed conditions. To understand the economic mechanism driving V2G…
P2P trading of energy can be a good alternative to incentivize distributed non-conventional energy production and meet the burgeoning energy demand. For efficient P2P trading, a free market for trading needs to be established while ensuring…
Vehicle-to-grid (V2G) is a promising approach to solve the problem of grid-level intermittent supply and demand mismatch, caused due to renewable energy resources, because it uses the existing resource of electric vehicle (EV) batteries as…
The current electricity networks were not initially designed for the high integration of variable generation technologies. They suffer significant losses due to the combustion of fossil fuels, the long-distance transmission, and…
The rapid adoption of electric vehicles (EVs) globally has catalyzed the need for robust cybersecurity measures within vehicle-to-grid (V2G) networks. As these networks are increasingly being integrated into smart charging infrastructures,…
The ambitious CO2 emission targets of the Paris agreements are achievable only with renewable energy, CO2-free power generation, new policies, and planning. The main motivation of this paper is that future green fuels from power-to-X assets…
This paper presents optimization models for electric Mobility-as-a-Service systems, whereby electric vehicles not only provide on-demand mobility, but also perform charging and Vehicle-to-Grid (V2G) operations to enhance the fleet operator…
As the distributed energy generation and storage technologies are becoming economically viable, energy trading is gradually becoming a profit making option for end-users. This trend is further supported by the regulators and the policy…
We present a novel user-centric vehicle-to-grid (V2G) framework that enables electric vehicle (EV) users to balance the trade-off between financial benefits from V2G and battery health degradation based on individual preference signals.
A multiple market trading mechanism for the VPP to participate in electricity, renewable energy certificate (REC) and carbon emission right (CER) markets is proposed. With the introduction of the inventory mechanism of REC and CER, the…
We propose a data-driven, user-centric vehicle-to-grid (V2G) methodology based on multi-objective optimization to balance battery degradation and V2G revenue according to EV user preference. Given the lack of accurate and generalizable…
The European Union Emission Trading Scheme (EU ETS) is a cornerstone of the EU's strategy to fight climate change and an important device for plummeting greenhouse gas (GHG) emissions in an economically efficient manner. The power industry…
Climate change and global warming are the significant challenges of the new century. A viable solution to mitigate greenhouse gas emissions is via a globally incentivized market mechanism proposed in the Kyoto protocol. In this view, the…
In the Paris agreement of 2015, it was decided to reduce the CO2 emissions of the energy sector to zero by 2050 and to restrict the global mean temperature increase to 1.5 degree Celcius above the pre-industrial level. Such commitments are…
Efforts to utilize 100% renewable energy in community microgrids require new approaches to energy markets and transactions to efficiently address periods of scarce energy supply. In this paper we contribute to the promising approach of…
This paper presents the power management of the nanogrid clusters assisted by a novel peer-to-peer(P2P) electricity trading. In our work, unbalance of power consumption among clusters is mitigated by the proposed P2P trading method. For…
The increased adoption of electric vehicles (EVs) has led to the development of vehicle-to-anything (V2X) technologies, including vehicle-to-home (V2H), vehicle-to-grid (V2G), and energy trading of EVs in the local grid. The EV coordination…