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

Electric vehicle as a service (EVaaS):applications, challenges and enablers

Under the vehicle-to-grid (V2G) concept, electric vehicles (EVs) can be deployed as loads to absorb excess production or as distributed energy resources to supply part of their stored energy back to the grid. This paper overviews the technologies, technical components and system requirements needed for EV deployment. Electric vehicle as a service (EVaaS) exploits V2G technology to develop a system where suitable EVs within the distribution network are chosen individually or in aggregate to exchange energy with the grid, individual customers or both. The EVaaS framework is introduced, and interactions among EVaaS subsystems such as EV batteries, charging stations, loads and advanced metering infrastructure are studied. The communication infrastructure and processing facilities that enable data and information exchange between EVs and the grid are reviewed. Different strategies for EV charging/discharging and their impact on the distribution grid are reviewed. Several market designs that incentivize energy trading in V2G environments are discussed. The benefits of V2G are studied from the perspectives of ancillary services, supporting of renewables and the environment. The challenges to V2G are studied with respect to battery degradation, energy conversion losses and effects on distribution system

Optimal electric vehicle scheduling : A co-optimized system and customer perspective

Electric vehicles provide a two pronged solution to the problems faced by the electricity and transportation sectors. They provide a green, highly efficient alternative to the internal combustion engine vehicles, thus reducing our dependence on fossil fuels. Secondly, they bear the potential of supporting the grid as energy storage devices while incentivizing the customers through their participation in energy markets. Despite these advantages, widespread adoption of electric vehicles faces socio-technical and economic bottleneck. This dissertation seeks to provide solutions that balance system and customer objectives under present technological capabilities. The research uses electric vehicles as controllable loads and resources. The idea is to provide the customers with required tools to make an informed decision while considering the system conditions. First, a genetic algorithm based optimal charging strategy to reduce the impact of aggregated electric vehicle load has been presented. A Monte Carlo based solution strategy studies change in the solution under different objective functions. This day-ahead scheduling is then extended to real-time coordination using a moving-horizon approach. Further, battery degradation costs have been explored with vehicle-to-grid implementations, thus accounting for customer net-revenue and vehicle utility for grid support. A Pareto front, thus obtained, provides the nexus between customer and system desired operating points. Finally, we propose a transactive business model for a smart airport parking facility. This model identifies various revenue streams and satisfaction indices that benefit the parking lot owner and the customer, thus adding value to the electric vehicle --Abstract, page iv

A review of community electrical energy systems

This paper is aimed at new entrants into the field of electrical community energy. It reviews some of the work that is underway into community electrical energy projects. This review includes a summary of key issues and components which need consideration including some or all of the following; demand side management, energy storage (including vehicle to grid) and renewable generation. The paper looks further into the energy management schemes of these projects and summarises previously published methodology in the area

Development of a power monitoring and control system to provide demand side management of electric vehicle charging activity.

Due to the recent inflow of Electric Vehicles (EVs) to the automobile market, new concerns have risen with respect to the additional electrical load and the resultant effects on an overloaded electric grid. Either for convenience purposes or possibly necessity due to limited electric range on EVs, some EV owners may desire to charge their EV while at work in addition to charging at home. These forward-thinking daytime charging providers are typically Commercial and Industrial (C&I) electric ratepayers, or other large electric consumers which constitute the majority of businesses, shopping centers, academic campuses and manufacturing facilities. Increased electricity consumption due to EV charging activity results in higher electricity costs due to differences in the billing structures between residential and C&I electric ratepayers. Therefore, it is beneficial to the EVSE charging provider to minimize charging activity around peak demand periods which would result in lower electrical costs overall. A solution is developed that can provide this control without creating a nuisance to electric vehicle owners since EV charging demand is somewhat inelastic due to range anxiety. The primary objective of the research detailed in this dissertation is to develop a novel demand side management system for monitoring the peak demand of commercial time-of-day electric ratepayers that cost effectively predicts and controls electric vehicle charging during peak demand periods. This objective is achieved, therefore confirming the hypothesis that such a system can provide cost and demand benefits to forward-thinking commercial electric ratepayers that provide daytime charging capabilities. This work proposes and evaluates a novel Power Monitoring and Control System (PMCS) that can be implemented at C&I EV charging locations to minimize or eliminate the negative impacts of charging electric vehicles at the workplace in C&I environments. Operation of the PMCS begins by forecasting electrical demand in advance of every 15 minute demand interval throughout the day. The forecast is generated using an artificial neural network and a number of input data streams. Electrical demand has been shown to correlate well with weather data such as temperature and dew point. Therefore, using those measurements along with a date and time stamp, and historical electrical demand measurements, a highly accurate forecast for the following 15-minute demand interval was achieved. From that forecast, the number of EV charging stations that may be active, without the chance of creating new electrical demand peaks, is calculated. Finally, the forecast is then used to properly schedule EV charging activity so that electrical demand peaks can be avoided but charging activity is maximized. The avoidance of charging activity at or near peaks in electrical demand results in lower total electric costs associated with the charging process. The final design was implemented in an EV charging testbed at the University of Louisville and data was collected to verify the operation and performance of the PMCS. With a properly designed scheduling and prioritization control algorithm, increases in electrical demand and associated costs are limited to the error in the forecasting algorithm used for predicting electrical demand levels. The final design of the forecasting algorithm results in a mean absolute percent error of 0.02% to 0.08% in the electrical demand forecast. This corresponds to approximately 3 to 10 kVA of error in electrical demand. Taking this error into account, total cost of charging several EVs is reduced by nearly 90%. Furthermore, for scenarios where there are several more electric vehicles requiring charge than there are charging stations available, several scheduling algorithms are presented in an attempt to minimize the total processing time required for completing all charging transactions