IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v355y2024ics0306261923017373.html
   My bibliography  Save this article

Coordinated pricing mechanism for parking clusters considering interval-guided uncertainty-aware strategies

Author

Listed:
  • Tostado-Véliz, Marcos
  • Jin, Xiaolong
  • Bhakar, Rohit
  • Jurado, Francisco

Abstract

With the increasing penetration of electric vehicles into the existing power networks, the development of proper energy management tools become essential to mitigate the damaging effects of emerging high-power charging modes. To facilitate the management of vehicles, they can be gathered into clusters in order to aggregate their charging profiles. This paradigm is called cluster of vehicles and can be forward developed by gathering a group of parking, thus forming a parking cluster where the characteristics of different parking lots are aggregated. In this paper, a coordinated charging price mechanism for clusters of parking lots is proposed. The new proposal is casted as a game-based framework which seeks for the equilibrium between the cluster coordinator and parking lots, instead of conventional tools where the pricing strategy is decided by a central entity disregarding the interests of users. The developed model is established as a bi-level optimization problem, which is further linearized to be tractable and solvable by off-the-shelf solvers. The implications of vehicle-to-grid are also studied by fully modelling bi-directional power flows in chargers. In addition, two uncertainty-aware strategies are proposed to cope with uncertain energy margins in parking lots. A case study is conducted and various results are analysed and discussed. It is shown that enabling vehicle-to-grid characteristics discloses significant economic benefits for users and the cluster coordinator. In addition, vehicle-to-grid impacts notably on the risk-averse character of the uncertainty-aware strategies proposed. The developed pricing mechanism is also compared with the conventional pricing policies based on key of repartitions, showing that the new proposal is able to reduce the cost for users, avoiding to directly translate the energy cost to charging points.

Suggested Citation

  • Tostado-Véliz, Marcos & Jin, Xiaolong & Bhakar, Rohit & Jurado, Francisco, 2024. "Coordinated pricing mechanism for parking clusters considering interval-guided uncertainty-aware strategies," Applied Energy, Elsevier, vol. 355(C).
    • Handle: RePEc:eee:appene:v:355:y:2024:i:c:s0306261923017373
    DOI: 10.1016/j.apenergy.2023.122373
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0306261923017373
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.apenergy.2023.122373?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Mustika, Alyssa Diva & Rigo-Mariani, Rémy & Debusschere, Vincent & Pachurka, Amaury, 2022. "A two-stage management strategy for the optimal operation and billing in an energy community with collective self-consumption," Applied Energy, Elsevier, vol. 310(C).
    2. Tostado-Véliz, Marcos & Kamel, Salah & Hasanien, Hany M. & Arévalo, Paul & Turky, Rania A. & Jurado, Francisco, 2022. "A stochastic-interval model for optimal scheduling of PV-assisted multi-mode charging stations," Energy, Elsevier, vol. 253(C).
    3. Steven A. Gabriel & Antonio J. Conejo & J. David Fuller & Benjamin F. Hobbs & Carlos Ruiz, 2013. "Complementarity Modeling in Energy Markets," International Series in Operations Research and Management Science, Springer, edition 127, number 978-1-4419-6123-5, January.
    4. Roald, Line A. & Pozo, David & Papavasiliou, Anthony & Molzahn, Daniel K. & Kazempour, Jalal & Conejo, Antonio, 2023. "Power systems optimization under uncertainty: a review of methods and applications," LIDAM Reprints CORE 3257, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    5. Tostado-Véliz, Marcos & Rezaee Jordehi, Ahmad & Amir Mansouri, Seyed & Jurado, Francisco, 2022. "Day-ahead scheduling of 100% isolated communities under uncertainties through a novel stochastic-robust model," Applied Energy, Elsevier, vol. 328(C).
    6. Hu, Junjie & Morais, Hugo & Sousa, Tiago & Lind, Morten, 2016. "Electric vehicle fleet management in smart grids: A review of services, optimization and control aspects," Renewable and Sustainable Energy Reviews, Elsevier, vol. 56(C), pages 1207-1226.
    7. Mehdinejad, Mehdi & Shayanfar, Heidarali & Mohammadi-Ivatloo, Behnam, 2022. "Peer-to-peer decentralized energy trading framework for retailers and prosumers," Applied Energy, Elsevier, vol. 308(C).
    8. Tostado-Véliz, Marcos & Jordehi, Ahmad Rezaee & Mansouri, Seyed Amir & Jurado, Francisco, 2023. "A two-stage IGDT-stochastic model for optimal scheduling of energy communities with intelligent parking lots," Energy, Elsevier, vol. 263(PD).
    9. Guo, Jianwei & Lv, Yongbo & Zhang, Han & Nojavan, Sayyad & Jermsittiparsert, Kittisak, 2020. "Robust optimization strategy for intelligent parking lot of electric vehicles," Energy, Elsevier, vol. 200(C).
    10. Tostado-Véliz, Marcos & Hasanien, Hany M. & Rezaee Jordehi, Ahmad & Turky, Rania A. & Gómez-González, Manuel & Jurado, Francisco, 2023. "An Interval-based privacy – Aware optimization framework for electricity price setting in isolated microgrid clusters," Applied Energy, Elsevier, vol. 340(C).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shaohua Chen & Guomin Li, 2024. "Competition between New Energy and Fuel Vehicles with Behavior-Based Pricing Strategies When Considering Environmental Concerns and Green Innovation," Sustainability, MDPI, vol. 16(10), pages 1-34, May.
    2. Saeed Alyami, 2024. "Ensuring Sustainable Grid Stability through Effective EV Charging Management: A Time and Energy-Based Approach," Sustainability, MDPI, vol. 16(14), pages 1-15, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shen, Haotian & Zhang, Hualiang & Xu, Yujie & Chen, Haisheng & Zhang, Zhilai & Li, Wenkai & Su, Xu & Xu, Yalin & Zhu, Yilin, 2024. "Two stage robust economic dispatching of microgrid considering uncertainty of wind, solar and electricity load along with carbon emission predicted by neural network model," Energy, Elsevier, vol. 300(C).
    2. Tostado-Véliz, Marcos & Rezaee Jordehi, Ahmad & Zhou, Yuekuan & Mansouri, Seyed Amir & Jurado, Francisco, 2024. "Best-case-aware planning of photovoltaic-battery systems for multi-mode charging stations," Renewable Energy, Elsevier, vol. 225(C).
    3. Xi Ye & Gan Li & Tong Zhu & Lei Zhang & Yanfeng Wang & Xiang Wang & Hua Zhong, 2023. "A Dispatching Method for Large-Scale Interruptible Load and Electric Vehicle Clusters to Alleviate Overload of Interface Power Flow," Sustainability, MDPI, vol. 15(16), pages 1-20, August.
    4. Tostado-Véliz, Marcos & Rezaee Jordehi, Ahmad & Amir Mansouri, Seyed & Jurado, Francisco, 2022. "Day-ahead scheduling of 100% isolated communities under uncertainties through a novel stochastic-robust model," Applied Energy, Elsevier, vol. 328(C).
    5. Lu, Na & Wang, Guangyan & Su, Chengguo & Ren, Zaimin & Peng, Xiaoyue & Sui, Quan, 2024. "Medium- and long-term interval optimal scheduling of cascade hydropower-photovoltaic complementary systems considering multiple uncertainties," Applied Energy, Elsevier, vol. 353(PA).
    6. Tostado-Véliz, Marcos & Hasanien, Hany M. & Rezaee Jordehi, Ahmad & Turky, Rania A. & Gómez-González, Manuel & Jurado, Francisco, 2023. "An Interval-based privacy – Aware optimization framework for electricity price setting in isolated microgrid clusters," Applied Energy, Elsevier, vol. 340(C).
    7. Tostado-Véliz, Marcos & Jordehi, Ahmad Rezaee & Mansouri, Seyed Amir & Jurado, Francisco, 2023. "A two-stage IGDT-stochastic model for optimal scheduling of energy communities with intelligent parking lots," Energy, Elsevier, vol. 263(PD).
    8. Dimanchev, Emil & Gabriel, Steven A. & Reichenberg, Lina & Korpås, Magnus, 2024. "Consequences of the missing risk market problem for power system emissions," Energy Economics, Elsevier, vol. 136(C).
    9. Tostado-Véliz, Marcos & Liang, Yingqi & Hasanien, Hany M. & Turky, Rania A. & Martínez-Moreno, Juan & Jurado, Francisco, 2023. "Robust optimal coordination of active distribution networks and energy communities with high penetration of renewables," Renewable Energy, Elsevier, vol. 218(C).
    10. Awad, Ahmed S.A. & Ahmed, Mohamed Hassan & El-Fouly, Tarek H.M. & Salama, Magdy M.A., 2017. "The impact of wind farm location and control strategy on wind generation penetration and market prices," Renewable Energy, Elsevier, vol. 106(C), pages 354-364.
    11. Østergaard, P.A. & Lund, H. & Thellufsen, J.Z. & Sorknæs, P. & Mathiesen, B.V., 2022. "Review and validation of EnergyPLAN," Renewable and Sustainable Energy Reviews, Elsevier, vol. 168(C).
    12. Megy, Camille & Massol, Olivier, 2023. "Is Power-to-Gas always beneficial? The implications of ownership structure," Energy Economics, Elsevier, vol. 128(C).
    13. Christos N. Dimitriadis & Evangelos G. Tsimopoulos & Michael C. Georgiadis, 2021. "A Review on the Complementarity Modelling in Competitive Electricity Markets," Energies, MDPI, vol. 14(21), pages 1-27, November.
    14. repec:diw:diwwpp:dp1566 is not listed on IDEAS
    15. Egging-Bratseth, Ruud & Holz, Franziska & Czempinski, Victoria, 2021. "Freedom gas to Europe: Scenarios analyzed using the Global Gas Model," Research in International Business and Finance, Elsevier, vol. 58(C).
    16. Wu, Chun & Chen, Xingying & Hua, Haochen & Yu, Kun & Gan, Lei & Shen, Jun & Ding, Yi, 2024. "Peer-to-peer energy trading optimization for community prosumers considering carbon cap-and-trade," Applied Energy, Elsevier, vol. 358(C).
    17. Nouicer, Athir & Meeus, Leonardo & Delarue, Erik, 2023. "Demand-side flexibility in distribution grids: Voluntary versus mandatory contracting," Energy Policy, Elsevier, vol. 173(C).
    18. Matar, Walid & Murphy, Frederic & Pierru, Axel & Rioux, Bertrand, 2015. "Lowering Saudi Arabia's fuel consumption and energy system costs without increasing end consumer prices," Energy Economics, Elsevier, vol. 49(C), pages 558-569.
    19. Asaad Mohammad & Ramon Zamora & Tek Tjing Lie, 2020. "Integration of Electric Vehicles in the Distribution Network: A Review of PV Based Electric Vehicle Modelling," Energies, MDPI, vol. 13(17), pages 1-20, September.
    20. D'Adamo, Idiano & Mammetti, Marco & Ottaviani, Dario & Ozturk, Ilhan, 2023. "Photovoltaic systems and sustainable communities: New social models for ecological transition. The impact of incentive policies in profitability analyses," Renewable Energy, Elsevier, vol. 202(C), pages 1291-1304.
    21. Hassan Shavandi & Mehrdad Pirnia & J. David Fuller, 2018. "Extended opportunity cost model to find near equilibrium electricity prices under non-convexities," Papers 1809.09734, arXiv.org.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:appene:v:355:y:2024:i:c:s0306261923017373. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.