Coordination of electric vehicle aggregator participation in the day-ahead market
Coordination of electric vehicle aggregator participation in the day-ahead market
Motivated by the high electric vehicle (EV) penetration percentages foreseen for the near future, we study the integration of large fleets of electric vehicles into the existing electricity market structure, with special emphasis on day-ahead markets. Specifically, the large energy requirements characteristic of the widespread use of EVs require careful managing in order to limit environmental and infrastructural impacts. A key characteristic of EVs is their intrinsic flexibility, given that most vehicles are idle most of the day. This translates into coordination opportunities which allow for the temporal spreading of the energy consumption of an EV fleet, avoiding unnecessary demand peaks which translate into increased electricity prices and stress in the grid. Given the self-interested nature of market participants, this coordination is challenging and needs to be carefully addressed.
1768-1769
International Foundation for Autonomous Agents and Multiagent Systems
Perez-Diaz, Alvaro
dc83bca5-5108-4448-878f-23e73dec4c88
2018
Perez-Diaz, Alvaro
dc83bca5-5108-4448-878f-23e73dec4c88
Perez-Diaz, Alvaro
(2018)
Coordination of electric vehicle aggregator participation in the day-ahead market.
In 17th International Conference on Autonomous Agents and Multiagent Systems, AAMAS 2018.
vol. 3,
International Foundation for Autonomous Agents and Multiagent Systems.
.
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Conference or Workshop Item
(Paper)
Abstract
Motivated by the high electric vehicle (EV) penetration percentages foreseen for the near future, we study the integration of large fleets of electric vehicles into the existing electricity market structure, with special emphasis on day-ahead markets. Specifically, the large energy requirements characteristic of the widespread use of EVs require careful managing in order to limit environmental and infrastructural impacts. A key characteristic of EVs is their intrinsic flexibility, given that most vehicles are idle most of the day. This translates into coordination opportunities which allow for the temporal spreading of the energy consumption of an EV fleet, avoiding unnecessary demand peaks which translate into increased electricity prices and stress in the grid. Given the self-interested nature of market participants, this coordination is challenging and needs to be carefully addressed.
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Published date: 2018
Venue - Dates:
17th International Conference on Autonomous Agents and Multiagent Systems, AAMAS 2018, , Stockholm, Sweden, 2018-07-10 - 2018-07-15
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Local EPrints ID: 425702
URI: http://eprints.soton.ac.uk/id/eprint/425702
PURE UUID: ff622206-0640-4da0-accd-c66291014c92
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Date deposited: 01 Nov 2018 17:30
Last modified: 06 Mar 2024 17:39
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Author:
Alvaro Perez-Diaz
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