Related papers: Contract Design for V2G Smart Energy Trading
The increased market penetration of renewable energy sources and the rapid development of electric battery storage technologies yield a potential for reducing electricity price volatility while maintaining stability of the power grid. This…
While blockchain offers inherent security, trust issues among stakeholders in vehicle-to-grid (V2G) applications remain unresolved due to a lack of regulatory frameworks and standardization. Additionally, a tailored decentralized…
We propose a general two-period model where electrical vehicles (EVs) can reserve charging sessions in the day-ahead market and swap them in the real-time market. Under the model, we explore several candidate mechanisms for running the two…
Control reserves are power generation or consumption entities that ensure balance of supply and demand of electricity in real-time. In many countries, they are operated through a market mechanism in which entities provide bids. The system…
The growth of Electric Vehicles (EVs) creates a conflict in vehicle-to-building (V2B) settings between building operators, who face high energy costs from uncoordinated charging, and drivers, who prioritize convenience and a full charge. To…
In this paper, we propose a bilateral peer-to-peer (P2P) energy trading scheme under single-contract and multi-contract market setups, both as an assignment game, and a special class of coalitional games. {The proposed market formulation…
The electrification of transport is seen as an important step in the global decarbonisation agenda. With such a large expected load on the power system from electric vehicles (EVs), it is important to coordinate charging in order to balance…
While wind and solar power contribute to sustainability, their intermittent nature poses challenges when integrated into the grid. To mitigate these issues, renewable energy can be combined with coal fired power and hydropower sources to…
The decarbonization of the power sector plays a pivotal role in economy-wide decarbonization to set the world on track to limit warming to 1.5{\deg}C by 2050. Carbon emission markets can play a significant role in this transition by putting…
The increasing number of Electric Vehicles (EVs) have led to rising energy demands which aggregates the burden on grid supply. A few solutions have been proposed to reduce grid load, for example, using storage systems for storing surplus…
Renewable power sources have low marginal pro-duction costs, but may result in high balancing costs due to the inherent production uncertainty. Current day-ahead markets elicit only point production profiles and neglect the degree of…
With the rapid development of distributed energy resources, increasing number of residential and commercial users have been switched from pure electricity consumers to prosumers that can both consume and produce energy. To properly manage…
Electricity market design that accounts for grid constraints such as voltage and thermal limits at the distribution level can increase opportunities for the grid integration of Distributed Energy Resources (DERs). In this paper, we consider…
Integrating electric vehicles (EVs) into the power grid can revolutionize energy management strategies, offering both challenges and opportunities for creating a more sustainable and resilient grid. In this context, model predictive control…
Electric Vehicles (EVs) can help alleviate our reliance on fossil fuels for transport and electricity systems. However, charging millions of EV batteries requires management to prevent overloading the electricity grid and minimise costly…
With the sustained attention on carbon neutrality, the personal carbon trading (PCT) scheme has been embraced as an auspicious paradigm for scaling down carbon emissions. To facilitate the simultaneous clearance of energy and carbon…
We discuss an incentivizing market and model-based approach to design the energy management and control systems which realize high-quality ancillary services in dynamic power grids. Under the electricity liberalization, such incentivizing…
Continuous integration of renewable energy sources into power networks is causing a paradigm shift in energy generation and distribution with regards to trading and control; the intermittent nature of renewable sources affects pricing of…
This paper investigates the economic impact of vehicle-home-grid integration through an online optimization algorithm that manages energy flows between an electric vehicle, a household, and the electrical grid. The algorithm exploits…
In this paper a new aggregated model for electric vehicle (EV) fleets is presented that considers their daily and weekly usage patterns. A frequency-constrained stochastic unit commitment model is employed to optimally schedule EV charging…