Local Electricity Markets for Electric Vehicles: An Application Study Using a Decentralized Iterative Approach

Local electricity markets are emerging solutions to enable local energy trade for the end users and provide grid support services when required. Various models of local electricity markets (LEMs) have been proposed in the literature. The peer-to-peer market model appears as a promising structure amo...

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Autores principales:	Ricardo Faia, João Soares, Mohammad Ali Fotouhi Ghazvini, John F. Franco, Zita Vale
Formato:	article
Lenguaje:	EN
Publicado:	Frontiers Media S.A. 2021
Materias:	decentralized control energy community local electricity markets prosumer electric vehicle General Works A
Acceso en línea:	https://doaj.org/article/4f17be09f176475b9ad2518afc82ab46
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spelling	oai:doaj.org-article:4f17be09f176475b9ad2518afc82ab462021-11-04T05:40:03ZLocal Electricity Markets for Electric Vehicles: An Application Study Using a Decentralized Iterative Approach2296-598X10.3389/fenrg.2021.705066https://doaj.org/article/4f17be09f176475b9ad2518afc82ab462021-11-01T00:00:00Zhttps://www.frontiersin.org/articles/10.3389/fenrg.2021.705066/fullhttps://doaj.org/toc/2296-598XLocal electricity markets are emerging solutions to enable local energy trade for the end users and provide grid support services when required. Various models of local electricity markets (LEMs) have been proposed in the literature. The peer-to-peer market model appears as a promising structure among the proposed models. The peer-to-peer market structure enables electricity transactions between the players in a local energy system at a lower cost. It promotes the production from the small low–carbon generation technologies. Energy communities can be the ideal place to implement local electricity markets as they are designed to allow for larger growth of renewable energy and electric vehicles, while benefiting from local transactions. In this context, a LEM model is proposed considering an energy community with high penetration of electric vehicles in which prosumer-to-vehicle (P2V) transactions are possible. Each member of the energy community can buy electricity from the retailer or other members and sell electricity. The problem is modeled as a mixed-integer linear programing (MILP) formulation and solved within a decentralized and iterative process. The decentralized implementation provides acceptable solutions with a reasonable execution time, while the centralized implementation usually gives an optimal solution at the expense of reduced scalability. Preliminary results indicate that there are advantages for EVs as participants of the LEM, and the proposed implementation ensures an optimal solution in an acceptable execution time. Moreover, P2V transactions benefit the local distribution grid and the energy community.Ricardo FaiaJoão SoaresMohammad Ali Fotouhi GhazviniJohn F. FrancoZita ValeFrontiers Media S.A.articledecentralized controlenergy communitylocal electricity marketsprosumerelectric vehicleGeneral WorksAENFrontiers in Energy Research, Vol 9 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	decentralized control energy community local electricity markets prosumer electric vehicle General Works A
spellingShingle	decentralized control energy community local electricity markets prosumer electric vehicle General Works A Ricardo Faia João Soares Mohammad Ali Fotouhi Ghazvini John F. Franco Zita Vale Local Electricity Markets for Electric Vehicles: An Application Study Using a Decentralized Iterative Approach
description	Local electricity markets are emerging solutions to enable local energy trade for the end users and provide grid support services when required. Various models of local electricity markets (LEMs) have been proposed in the literature. The peer-to-peer market model appears as a promising structure among the proposed models. The peer-to-peer market structure enables electricity transactions between the players in a local energy system at a lower cost. It promotes the production from the small low–carbon generation technologies. Energy communities can be the ideal place to implement local electricity markets as they are designed to allow for larger growth of renewable energy and electric vehicles, while benefiting from local transactions. In this context, a LEM model is proposed considering an energy community with high penetration of electric vehicles in which prosumer-to-vehicle (P2V) transactions are possible. Each member of the energy community can buy electricity from the retailer or other members and sell electricity. The problem is modeled as a mixed-integer linear programing (MILP) formulation and solved within a decentralized and iterative process. The decentralized implementation provides acceptable solutions with a reasonable execution time, while the centralized implementation usually gives an optimal solution at the expense of reduced scalability. Preliminary results indicate that there are advantages for EVs as participants of the LEM, and the proposed implementation ensures an optimal solution in an acceptable execution time. Moreover, P2V transactions benefit the local distribution grid and the energy community.
format	article
author	Ricardo Faia João Soares Mohammad Ali Fotouhi Ghazvini John F. Franco Zita Vale
author_facet	Ricardo Faia João Soares Mohammad Ali Fotouhi Ghazvini John F. Franco Zita Vale
author_sort	Ricardo Faia
title	Local Electricity Markets for Electric Vehicles: An Application Study Using a Decentralized Iterative Approach
title_short	Local Electricity Markets for Electric Vehicles: An Application Study Using a Decentralized Iterative Approach
title_full	Local Electricity Markets for Electric Vehicles: An Application Study Using a Decentralized Iterative Approach
title_fullStr	Local Electricity Markets for Electric Vehicles: An Application Study Using a Decentralized Iterative Approach
title_full_unstemmed	Local Electricity Markets for Electric Vehicles: An Application Study Using a Decentralized Iterative Approach
title_sort	local electricity markets for electric vehicles: an application study using a decentralized iterative approach
publisher	Frontiers Media S.A.
publishDate	2021
url	https://doaj.org/article/4f17be09f176475b9ad2518afc82ab46
work_keys_str_mv	AT ricardofaia localelectricitymarketsforelectricvehiclesanapplicationstudyusingadecentralizediterativeapproach AT joaosoares localelectricitymarketsforelectricvehiclesanapplicationstudyusingadecentralizediterativeapproach AT mohammadalifotouhighazvini localelectricitymarketsforelectricvehiclesanapplicationstudyusingadecentralizediterativeapproach AT johnffranco localelectricitymarketsforelectricvehiclesanapplicationstudyusingadecentralizediterativeapproach AT zitavale localelectricitymarketsforelectricvehiclesanapplicationstudyusingadecentralizediterativeapproach
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Local Electricity Markets for Electric Vehicles: An Application Study Using a Decentralized Iterative Approach

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