Electric vehicle charging stations with renewable power generators: A game theoretical analysis

Lee W, Xiang L, Schober R, Wong VWS (2015)

Publication Language: English

Publication Type: Conference contribution

Publication year: 2015

Publisher: IEEE

Event location: Denver, CO US

ISBN: 978-1-4673-8040-9

DOI: 10.1109/PESGM.2015.7286014

Abstract

Summary form only given. In this paper, we study the price competition among electric vehicle charging stations (EVCSs) with renewable power generators (RPGs). As electric vehicles (EVs) become more popular, a competition among EVCSs to attract EVs is inevitable. Thereby, each EVCS sets its electricity price to maximize its revenue by taking into account the competition with neighboring EVCSs. We analyze the competitive interactions between EVCSs using game theory, where relevant physical constraints such as the transmission line capacity, the distance between EV and EVCS, and the number of charging outlets at the EVCSs are taken into account. We show that the game played by EVCSs is a supermodular game and there exists a unique pure Nash equilibrium for best response algorithms with arbitrary initial policy. The electricity price and the revenue of EVCSs are evaluated via simulations, which reveal the benefits of having RPGs at the EVCSs.

Authors with CRIS profile

Lin Xiang Lehrstuhl für Digitale Übertragung (IDC) Robert Schober Lehrstuhl für Digitale Übertragung (IDC)

Involved external institutions

Gyeongsang National University (GNU) / 경상대학교 KR Korea, Republic of (KR) University of British Columbia CA Canada (CA)

How to cite

APA:

Lee, W., Xiang, L., Schober, R., & Wong, V.W.S. (2015). Electric vehicle charging stations with renewable power generators: A game theoretical analysis. In IEEE (Eds.), Proceedings of the 2015 IEEE Power & Energy Society General Meeting. Denver, CO, US: IEEE.

MLA:

Lee, Woongsup, et al. "Electric vehicle charging stations with renewable power generators: A game theoretical analysis." Proceedings of the 2015 IEEE Power & Energy Society General Meeting, Denver, CO Ed. IEEE, IEEE, 2015.

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