A multi-layer market for vehicle-to-grid energy trading in the smart grid

Albert Y.S. Lam, Longbo Huang, Alonso Silva, Walid Saad

Research output: Chapter in Book/Report/Conference proceedingConference contribution

33 Scopus citations

Abstract

In this paper, we propose a novel multi-layer market for analyzing the energy exchange process between electric vehicles and the smart grid. The proposed market consists essentially of two layers: a macro layer and a micro layer. At the macro layer, we propose a double auction mechanism using which the aggregators, acting as sellers, and the smart grid elements, acting as buyers, interact so as to trade energy. We show that this double auction mechanism is strategy-proof and converges asymptotically. At the micro layer, the aggregators, which are the sellers in the macro layer, are given monetary incentives so as to sell the energy of associated plug-in hybrid electric vehicles (PHEVs) and to maximize their revenues. We analyze the interaction between the macro and micro layers and study some representative cases. Depending on the elasticity of the supply and demand, the utility functions are analyzed under different scenarios. Simulation results show that the proposed approach can significantly increase the utility of PHEVs, compared to a classical greedy approach.

Original languageEnglish (US)
Title of host publication2012 IEEE Conference on Computer Communications Workshops, INFOCOM WKSHPS 2012
Pages85-90
Number of pages6
DOIs
StatePublished - May 24 2012
Event2012 IEEE Conference on Computer Communications Workshops, INFOCOM WKSHPS 2012 - Orlando, FL, United States
Duration: Mar 25 2012Mar 30 2012

Publication series

NameProceedings - IEEE INFOCOM
ISSN (Print)0743-166X

Other

Other2012 IEEE Conference on Computer Communications Workshops, INFOCOM WKSHPS 2012
CountryUnited States
CityOrlando, FL
Period3/25/123/30/12

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ASJC Scopus subject areas

  • Computer Science(all)
  • Electrical and Electronic Engineering

Cite this

Lam, A. Y. S., Huang, L., Silva, A., & Saad, W. (2012). A multi-layer market for vehicle-to-grid energy trading in the smart grid. In 2012 IEEE Conference on Computer Communications Workshops, INFOCOM WKSHPS 2012 (pp. 85-90). [6193525] (Proceedings - IEEE INFOCOM). https://doi.org/10.1109/INFCOMW.2012.6193525