Retail and Wholesale Electricity Pricing Considering Electric Vehicle Mobility

Mahnoosh Alizadeh, Hoi To Wai, Andrea Goldsmith, Anna Scaglione

Research output: Contribution to journalArticle

7 Scopus citations

Abstract

We consider the operation of multiple Charging Network Operators (CNOs), each serving a population of Electric Vehicle (EV) drivers that subscribe to them for charging services. The CNOs set retail prices for the charging stations they operate, which effectively control the electricity demand and queues formed at their charging stations. The stations' electricity demand also ties the CNOs' retail optimization problem to their position in the wholesale market of electricity, creating a coupling between the electric transportation systems and the bulk power grid, which is managed by an Independent System Operator (ISO). In this paper, we provide retail pricing mechanisms and iterative wholesale market-clearing algorithms that together maximize social welfare in this coupled system. Specifically, our algorithm would enable the CNO to reduce its electricity costs and the customers' travel delays (including charging station queueing times) and the ISO to reduce societal electricity costs by tapping into the EVs' flexibility as mobile electric loads. Our theoretical analysis relies on the application of congestion pricing techniques to a capacitated user equilibrium

Original languageEnglish (US)
JournalIEEE Transactions on Control of Network Systems
DOIs
StateAccepted/In press - Feb 24 2018

ASJC Scopus subject areas

  • Control and Systems Engineering
  • Signal Processing
  • Computer Networks and Communications
  • Control and Optimization

Fingerprint Dive into the research topics of 'Retail and Wholesale Electricity Pricing Considering Electric Vehicle Mobility'. Together they form a unique fingerprint.

  • Cite this