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Conference Paper: A multi-layer market for vehicle-to-grid energy trading in the smart grid

TitleA multi-layer market for vehicle-to-grid energy trading in the smart grid
Authors
Issue Date2012
PublisherIEEE Computer Society. The Journal's web site is located at http://ieeexplore.ieee.org/xpl/conhome.jsp?punumber=1000359
Citation
The 2012 IEEE Conference on Computer Communications Workshops (INFOCOM WKSHPS 2012), Orlando, FL., 25-30 March 2012. In IEEE Infocom Proceedings, 2012, p. 85-90 How to Cite?
AbstractIn this paper, we propose a novel multi-layer market for analyzing the energy exchange process between electric vehicles and the smart grid. The proposed market consists essentially of two layers: a macro layer and a micro layer. At the macro layer, we propose a double auction mechanism using which the aggregators, acting as sellers, and the smart grid elements, acting as buyers, interact so as to trade energy. We show that this double auction mechanism is strategy-proof and converges asymptotically. At the micro layer, the aggregators, which are the sellers in the macro layer, are given monetary incentives so as to sell the energy of associated plug-in hybrid electric vehicles (PHEVs) and to maximize their revenues. We analyze the interaction between the macro and micro layers and study some representative cases. Depending on the elasticity of the supply and demand, the utility functions are analyzed under different scenarios. Simulation results show that the proposed approach can significantly increase the utility of PHEVs, compared to a classical greedy approach.
Persistent Identifierhttp://hdl.handle.net/10722/219668
ISBN
ISSN

 

DC FieldValueLanguage
dc.contributor.authorLam, AYS-
dc.contributor.authorHuang, L-
dc.contributor.authorSilva, A-
dc.contributor.authorSaad, W-
dc.date.accessioned2015-09-23T02:57:40Z-
dc.date.available2015-09-23T02:57:40Z-
dc.date.issued2012-
dc.identifier.citationThe 2012 IEEE Conference on Computer Communications Workshops (INFOCOM WKSHPS 2012), Orlando, FL., 25-30 March 2012. In IEEE Infocom Proceedings, 2012, p. 85-90-
dc.identifier.isbn978-146731017-8-
dc.identifier.issn0743-166X-
dc.identifier.urihttp://hdl.handle.net/10722/219668-
dc.description.abstractIn this paper, we propose a novel multi-layer market for analyzing the energy exchange process between electric vehicles and the smart grid. The proposed market consists essentially of two layers: a macro layer and a micro layer. At the macro layer, we propose a double auction mechanism using which the aggregators, acting as sellers, and the smart grid elements, acting as buyers, interact so as to trade energy. We show that this double auction mechanism is strategy-proof and converges asymptotically. At the micro layer, the aggregators, which are the sellers in the macro layer, are given monetary incentives so as to sell the energy of associated plug-in hybrid electric vehicles (PHEVs) and to maximize their revenues. We analyze the interaction between the macro and micro layers and study some representative cases. Depending on the elasticity of the supply and demand, the utility functions are analyzed under different scenarios. Simulation results show that the proposed approach can significantly increase the utility of PHEVs, compared to a classical greedy approach.-
dc.languageeng-
dc.publisherIEEE Computer Society. The Journal's web site is located at http://ieeexplore.ieee.org/xpl/conhome.jsp?punumber=1000359-
dc.relation.ispartofIEEE Infocom Proceedings-
dc.rightsIEEE Infocom Proceedings. Copyright © IEEE Computer Society.-
dc.rights©2012 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.-
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.titleA multi-layer market for vehicle-to-grid energy trading in the smart grid-
dc.typeConference_Paper-
dc.identifier.emailLam, AYS: ayslam@eee.hku.hk-
dc.identifier.authorityLam, AYS=rp02083-
dc.description.naturepostprint-
dc.identifier.doi10.1109/INFCOMW.2012.6193525-
dc.identifier.scopuseid_2-s2.0-84862085589-
dc.identifier.hkuros261770-
dc.identifier.spage85-
dc.identifier.epage90-
dc.publisher.placeUnited States-
dc.customcontrol.immutablesml 160909 - merged-

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