An incentivized auction based group-selling approach for demand response management in V2G systems

Ming Zeng; Supeng Leng; Sabita Maharjan; Stein Gjessing; Jianhua He

doi:10.1109/TII.2015.2482948

An incentivized auction based group-selling approach for demand response management in V2G systems

Ming Zeng, Supeng Leng, Sabita Maharjan, Stein Gjessing, Jianhua He

Research output: Contribution to journal › Article › peer-review

71 Citations (Scopus)

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Abstract

Vehicle-to-grid (V2G) system with efficient demand response management (DRM) is critical to solve the problem of supplying electricity by utilizing surplus electricity available at electric vehicles (EVs). An incentivized DRM approach is studied to reduce the system cost and maintain the system stability. EVs are motivated with dynamic pricing determined by the group-selling-based auction. In the proposed approach, a number of aggregators sit on the first-level auction responsible to communicate with a group of EVs. EVs as bidders consider quality of energy (QoE) requirements, and report interests and decisions on the bidding process coordinated by the associated aggregator. Auction winners are determined based on the bidding prices and the amount of electricity sold by the EV bidders. We investigate the impact of the proposed mechanism on the system performance with maximum feedback power constraints of aggregators. The designed mechanism is proven to have essential economic properties. Simulation results indicate that the proposed mechanism can reduce the system cost and offer EVs significant incentives to participate in the V2G DRM operation.

Original language	English
Pages (from-to)	1554-1563
Number of pages	10
Journal	IEEE Transactions on Industrial Informatics
Volume	11
Issue number	6
Early online date	27 Sept 2015
DOIs	https://doi.org/10.1109/TII.2015.2482948
Publication status	Published - 2 Dec 2015

Keywords

vehicle-to-grid
auction
group-selling
demand response management
Electrical and Electronic Engineering
Control and Systems Engineering
Computer Science Applications
Information Systems

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10.1109/TII.2015.2482948

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Accepted author manuscript, 2.09 MB

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title = "An incentivized auction based group-selling approach for demand response management in V2G systems",

abstract = "Vehicle-to-grid (V2G) system with efficient demand response management (DRM) is critical to solve the problem of supplying electricity by utilizing surplus electricity available at electric vehicles (EVs). An incentivized DRM approach is studied to reduce the system cost and maintain the system stability. EVs are motivated with dynamic pricing determined by the group-selling-based auction. In the proposed approach, a number of aggregators sit on the first-level auction responsible to communicate with a group of EVs. EVs as bidders consider quality of energy (QoE) requirements, and report interests and decisions on the bidding process coordinated by the associated aggregator. Auction winners are determined based on the bidding prices and the amount of electricity sold by the EV bidders. We investigate the impact of the proposed mechanism on the system performance with maximum feedback power constraints of aggregators. The designed mechanism is proven to have essential economic properties. Simulation results indicate that the proposed mechanism can reduce the system cost and offer EVs significant incentives to participate in the V2G DRM operation.",

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AU - Zeng, Ming

AU - Leng, Supeng

AU - Maharjan, Sabita

AU - Gjessing, Stein

AU - He, Jianhua

PY - 2015/12/2

Y1 - 2015/12/2

N2 - Vehicle-to-grid (V2G) system with efficient demand response management (DRM) is critical to solve the problem of supplying electricity by utilizing surplus electricity available at electric vehicles (EVs). An incentivized DRM approach is studied to reduce the system cost and maintain the system stability. EVs are motivated with dynamic pricing determined by the group-selling-based auction. In the proposed approach, a number of aggregators sit on the first-level auction responsible to communicate with a group of EVs. EVs as bidders consider quality of energy (QoE) requirements, and report interests and decisions on the bidding process coordinated by the associated aggregator. Auction winners are determined based on the bidding prices and the amount of electricity sold by the EV bidders. We investigate the impact of the proposed mechanism on the system performance with maximum feedback power constraints of aggregators. The designed mechanism is proven to have essential economic properties. Simulation results indicate that the proposed mechanism can reduce the system cost and offer EVs significant incentives to participate in the V2G DRM operation.

AB - Vehicle-to-grid (V2G) system with efficient demand response management (DRM) is critical to solve the problem of supplying electricity by utilizing surplus electricity available at electric vehicles (EVs). An incentivized DRM approach is studied to reduce the system cost and maintain the system stability. EVs are motivated with dynamic pricing determined by the group-selling-based auction. In the proposed approach, a number of aggregators sit on the first-level auction responsible to communicate with a group of EVs. EVs as bidders consider quality of energy (QoE) requirements, and report interests and decisions on the bidding process coordinated by the associated aggregator. Auction winners are determined based on the bidding prices and the amount of electricity sold by the EV bidders. We investigate the impact of the proposed mechanism on the system performance with maximum feedback power constraints of aggregators. The designed mechanism is proven to have essential economic properties. Simulation results indicate that the proposed mechanism can reduce the system cost and offer EVs significant incentives to participate in the V2G DRM operation.

KW - vehicle-to-grid

KW - auction

KW - group-selling

KW - demand response management

KW - Electrical and Electronic Engineering

KW - Control and Systems Engineering

KW - Computer Science Applications

KW - Information Systems

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DO - 10.1109/TII.2015.2482948

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JO - IEEE Transactions on Industrial Informatics

JF - IEEE Transactions on Industrial Informatics

IS - 6

ER -

An incentivized auction based group-selling approach for demand response management in V2G systems

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Keywords

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