Auctions, Market Mechanisms, and Their Applications. Second International ICST Conference, AMMA 2011, NewYork, NY, USA, August 22-23, 2011, Revised Selected Papers

Research Article

A Computational Monetary Market for Plug-In Electric Vehicle Charging

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  • @INPROCEEDINGS{10.1007/978-3-642-30913-7_21,
        author={Matteo Vasirani and Sascha Ossowski},
        title={A Computational Monetary Market for Plug-In Electric Vehicle Charging},
        proceedings={Auctions, Market Mechanisms, and Their Applications. Second International ICST Conference, AMMA 2011, NewYork, NY, USA, August 22-23, 2011, Revised Selected Papers},
        proceedings_a={AMMA},
        year={2012},
        month={10},
        keywords={Monetary markets lottery scheduling smart grid plug-in electric vehicles exchange rates},
        doi={10.1007/978-3-642-30913-7_21}
    }
    
  • Matteo Vasirani
    Sascha Ossowski
    Year: 2012
    A Computational Monetary Market for Plug-In Electric Vehicle Charging
    AMMA
    Springer
    DOI: 10.1007/978-3-642-30913-7_21
Matteo Vasirani1,*, Sascha Ossowski1,*
  • 1: University Rey Juan Carlos
*Contact email: matteo.vasirani@urjc.es, sascha.ossowski@urjc.es

Abstract

The penetration of plug-in electric vehicles (PEV) into near-future traffic and power infrastructure is expected to be large enough to have a serious impact on the grid. If each PEV arrives at home and charges immediately, the distribution network can incur in serious problems. Therefore, the charging process of the PEVs has to be coordinated, on the basis of the grid capabilities, generation and pricing. In this paper, we put forward a computational monetary market intended as an automatic scheduler for the charging problem. The market is designed so as i) to satisfy the constraints of the distribution network, ii) to guarantee a reasonable level of fairness and allocation efficiency, while at the same time iii) to give the possibility to each PEV to transiently increase its share of the charging capacity of the local distribution network when needed.