Transforming Energy Networks via Peer to Peer Energy Trading: Potential of Game Theoretic Approaches

Peer-to-peer (P2P) energy trading has emerged as a next-generation energy management mechanism for the smart grid that enables each prosumer of the network to participate in energy trading with one another and the grid. This poses a significant challenge in terms of modeling the decision-making process of each participant with conflicting interest and motivating prosumers to participate in energy trading and to cooperate, if necessary, for achieving different energy management goals. Therefore, such decision-making process needs to be built on solid mathematical and signal processing tools that can ensure an efficient operation of the smart grid. This paper provides an overview of the use of game theoretic approaches for P2P energy trading as a feasible and effective means of energy management. As such, we discuss various games and auction theoretic approaches by following a systematic classification to provide information on the importance of game theory for smart energy research. Then, the paper focuses on the P2P energy trading describing its key features and giving an introduction to an existing P2P testbed. Further, the paper zooms into the detail of some specific game and auction theoretic models that have recently been used in P2P energy trading and discusses some important finding of these schemes.Comment: 38 pages, single column, double spac

Ready To Roll: Southeastern Pennsylvania's Regional Electric Vehicle Action Plan

On-road internal combustion engine (ICE) vehicles are responsible for nearly one-third of energy use and one-quarter of greenhouse gas (GHG) emissions in southeastern Pennsylvania.1 Electric vehicles (EVs), including plug-in hybrid electric vehicles (PHEVs) and all-electric vehicles (AEVs), present an opportunity to serve a significant portion of the region's mobility needs while simultaneously reducing energy use, petroleum dependence, fueling costs, and GHG emissions. As a national leader in EV readiness, the region can serve as an example for other efforts around the country."Ready to Roll! Southeastern Pennsylvania's Regional EV Action Plan (Ready to Roll!)" is a comprehensive, regionally coordinated approach to introducing EVs and electric vehicle supply equipment (EVSE) into the five counties of southeastern Pennsylvania (Bucks, Chester, Delaware, Montgomery, and Philadelphia). This plan is the product of a partnership between the Delaware Valley Regional Planning Commission (DVRPC), the City of Philadelphia, PECO Energy Company (PECO; the region's electricity provider), and Greater Philadelphia Clean Cities (GPCC). Additionally, ICF International provided assistance to DVRPC with the preparation of this plan. The plan incorporates feedback from key regional stakeholders, national best practices, and research to assess the southeastern Pennsylvania EV market, identify current market barriers, and develop strategies to facilitate vehicle and infrastructure deployment

Electric Vehicle Policy for the Midwest: A Scoping Report

Provides an overview of private and public efforts to expand the use of electrified vehicles and the implications for greenhouse gas emissions, with a focus on eight Upper Midwest states. Identifies relevant policies and recommends near-term initiatives

Smart Procurement of Naturally Generated Energy (SPONGE) for Plug-in Hybrid Electric Buses

We discuss a recently introduced ECO-driving concept known as SPONGE in the context of Plug-in Hybrid Electric Buses (PHEB)'s.Examples are given to illustrate the benefits of this approach to ECO-driving. Finally, distributed algorithms to realise SPONGE are discussed, paying attention to the privacy implications of the underlying optimisation problems.Comment: This paper is recently submitted to the IEEE Transactions on Automation Science and Engineerin

Plug-in Hybrid Electric Vehicle in Smart Grid

In this thesis, in order to investigate the impact of charging load from plug-in hybrid electric vehicles (PHEVs), a stochastic model is developed in Matlab. In this model, two main types of PHEVs are defined: public transportation vehicles and private vehicles. Different charging time schedule, charging speed and battery capacity are considered for each type of vehicles. The simulation results reveal that there will be two load peaks (at noon and in evening) when the penetration level of PHEVs increases continuously to 30% in 2030. Therefore, optimization tool is utilized to shift load peaks. This optimization process is based on real time pricing and wind power output data. With the help of smart grid, power allocated to each vehicle could be controlled. As a result, this optimization could fulfill the goal of shifting load peaks to valley areas where real time price is low or wind output is high