A Hybrid Incentive Program for Managing Electric Vehicle Charging Flexibility
With the mass roll-out of electric vehicles (EVs) and rapid progress in battery technology, utilizing EV charging flexibility has become a promising solution for supporting economic and secured power system operations. This work proposes a novel hybrid incentive program, which encourages EV owners to sell their charging flexibility to a charging station (CS) and achieve a win-win situation for both EV owners and the CS. Unlike existing approaches, the proposed hybrid incentive program is simultaneously featured with simplicity, consistency, and controllability. To determine the incentive payment parameters, an optimal incentive price selection model is developed. In the solution methodology, we first linearize the original problem, then develop an adaptive ADMM algorithm to efficiently solve the formulated problem. Case studies confirm the superiority of the proposed hybrid incentive program over the state-of-the-arts, achieving 22.51% of EV owners’ cost reduction, 31.18% of energy market bill reduction, and 64.13% of potential charging flexibility utilization.
|EI Accession Number|
Charging (batteries) ; Cost reduction ; Electric vehicles ; Interactive computer systems
|ESI Classification Code|
Secondary Batteries:702.1.2 ; Digital Computers and Systems:722.4
Cited Times [WOS]:0
|Document Type||Journal Article|
|Department||Department of Electrical and Electronic Engineering|
1.Department of Electrical and Electronic Engineering, Southern University of Science and Technology, Shenzhen, China
2.Department of Electronic and Electrical Engineering, Brunel Interdisciplinary Power Systems Research Centre, Brunel University London, London, U.K
3.School of Electronic and Electrical Engineering, University of Leeds, Leeds, U.K
|First Author Affilication||Department of Electrical and Electronic Engineering|
|First Author's First Affilication||Department of Electrical and Electronic Engineering|
Wang，Han,Jia，Youwei,Shi，Mengge,et al. A Hybrid Incentive Program for Managing Electric Vehicle Charging Flexibility[J]. IEEE Transactions on Smart Grid,2022,PP(99):1-1.
Wang，Han,Jia，Youwei,Shi，Mengge,Xie，Peng,Lai，Chun Sing,&Li，Kang.(2022).A Hybrid Incentive Program for Managing Electric Vehicle Charging Flexibility.IEEE Transactions on Smart Grid,PP(99),1-1.
Wang，Han,et al."A Hybrid Incentive Program for Managing Electric Vehicle Charging Flexibility".IEEE Transactions on Smart Grid PP.99(2022):1-1.
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