We propose a novel way to use Electric Vehicles (EVs) as dynamic mobile energy storage with the goal to support grid balancing during peak load times. EVs seeking parking in a busy expensive inner city area, can get free parking with a valet company in exchange for being utilized for grid support. The valet company would have an agreement with the local utility company to receive varying rewards for discharging EVs at designated times and locations of need (say, where power lines are congested). Given vehicle availabilities, the valet company would compute an optimal schedule of which vehicle to utilize where and when so as to maximize rewards collected. Our contributions are a detailed description of this new concept along with supporting theory to bring it to fruition. On the theory side, we provide new hardness results, as well as efficient algorithms with provable performance guarantees that we also test empirically.
An online auction framework for EV charging is proposeded by Xiang al @cite_9 , where in a large parking lot, every spot is equipped with a charging point, and the EV users submit bids on their charging demands. The parking lot then decides on the allocation and pricing based on the collected bids. It is shown that the proposed mechanism is truthful and individually rational, while approximately maximizing social welfare. Vehicle to grid (V2G) discharging is not considered in the proposed market mechanism, while effective discharging is our main objective.
@cite_9
2015020077
The increasing market share of electric vehicles (EVs) makes large-scale charging stations indispensable infrastructure for integrating EVs into the future smart grid. Thus their operation modes have drawn great attention from researchers. One promising mode called park-and-charge was recently proposed. It allows people to park their EVs at a parking lot, where EVs can get charged during the parking time. This mode has been experimented and demonstrated in small scale. However, the missing of an efficient market mechanism is an important gap preventing its large-scale deployment. Existing pricing policies, e.g., pay-by-use and flat-rate pricing, would jeopardize the efficiency of electricity allocation and the corresponding social welfare in the park-and-charge mode, and thus are inapplicable. To find an efficient mechanism, this paper explores the feasibility and benefits of utilizing auction mechanism in the EV park-and-charge mode. The auction allows EV users to submit and update bids on their charging demand to the charging station, which makes corresponding electricity allocation and pricing decisions. To this end, we propose Auc2Charge, an online auction framework. Auc2Charge is truthful and individual rational. Running in polynomial time, it provides an efficient electricity allocation for EV users with a close-form approximation ratio on system social welfare. Through both theoretical analysis and numerical simulation, we demonstrate the efficacy of Auc2Charge in terms of social welfare and user satisfaction.