Name
Title | ||
|---|---|---|
Participation of electric vehicles in electricity markets through a decentralized mechanism |
Abstract | ||
|---|---|---|
In the emerging power systems setting, the realization of the demand flexibility potential needs to be coupled with its integration in electricity markets. Decentralization of market mechanisms constitutes a major challenge towards the achievement of such integration. In this paper, a decentralized day-ahead pool market mechanism is proposed, based on Lagrangian Relaxation (LR) principles. Issues related to demand participation through the proposed mechanism are addressed from the perspective of electric vehicles (EV) due to their significant flexibility potential. Their local, surplus maximization bidding problems are formulated taking into account their detailed, inter-temporal characteristics. Discontinuities in their market behaviour and their impacts on equilibrium existence are identified and a suitable LR-heuristic method is proposed to reach a satisfactory feasible market clearing solution when such discontinuities make an equilibrium solution unattainable. Benefits realized through the proposed approaches are quantified and analyzed through suitable case studies. |
Year | DOI | Venue |
|---|---|---|
2011 | 10.1109/ISGTEurope.2011.6162732 | Innovative Smart Grid Technologies |
Keywords | Field | DocType |
electric vehicles,optimisation,power markets,Lagrangian relaxation principles,bidding problems,decentralized day-ahead pool market,decentralized mechanism,demand flexibility potential,electric vehicles,electricity markets,power systems setting,surplus maximization,Demand side participation,Lagrangian Relaxation,electric vehicles,electricity pool markets,general equilibrium | Market mechanism,Economics,Market clearing,Electricity,Microeconomics,Electric power system,Lagrangian relaxation,General equilibrium theory,Bidding,Maximization | Conference |
ISSN | ISBN | Citations |
2165-4816 E-ISBN : 978-1-4577-1420-7 | 978-1-4577-1420-7 | 0 |
PageRank | References | Authors |
0.34 | 1 | 2 |
Name | Order | Citations | PageRank |
|---|---|---|---|
| Papadaskalopoulos, D. | 1 | 2 | 1.06 |
| Goran Strbac | 2 | 75 | 19.95 |