Electric vehicle charging stations with renewable power generators: A game theoretical analysis
Lee W, Xiang L, Schober R, Wong VWS (2015)
Publication Type: Journal article
Publication year: 2015
Journal
Book Volume: 6
Pages Range: 608-617
Article Number: 6987327
Journal Issue: 2
Abstract
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
Involved external institutions
Gyeongsang National University (GNU) / 경상대학교
Korea, Republic of (KR)
University of British Columbia
Canada (CA)
Korea, Republic of (KR)
University of British Columbia
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. IEEE Transactions on Smart Grid, 6(2), 608-617. https://dx.doi.org/10.1109/TSG.2014.2374592
MLA:
Lee, Woongsup, et al. "Electric vehicle charging stations with renewable power generators: A game theoretical analysis." IEEE Transactions on Smart Grid 6.2 (2015): 608-617.
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