Optimal Operation of Fast Charging Station Aggregator in Uncertain Electricity Markets Considering Onsite Renewable Energy and Bounded EV User Rationality

The increasing proliferation of electric vehicles (EVs) and renewable energy sources (RESs) poses challenges to the operation of coupled power and transportation networks due to their uncertainties, where EV users' routing and charging behaviors are subjected to their complex decision-making rationality. To economically manage numerous fast charging stations with onsite RESs, this article focuses on the optimal day-ahead bidding and intraday scheduling strategies of a fast charging station aggregator (FCSA) to maximize its profit in the electricity market. Traffic simulation based on boundedly rational dynamic user equilibrium is presented to model charging demand under bounded rationality of EV users. To efficiently manipulate large-scale EVs, a group charging scheduling framework is proposed to reduce decision variables. Uncertainties in electricity prices, RES generation, traffic demand, and user rationality are addressed by stochastic programming. Case studies have validated the effectiveness of the proposed method in reducing the FCSA's operational costs and RES curtailment.

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Publication Details

Journal
IEEE Transactions on Industrial Informatics
Published
2024-08-09
DOI
https://doi.org/10.1109/tii.2024.3435542
Citations
22
Primary Topic
Electric Vehicles and Infrastructure
Type
article
Field-Weighted Citation Impact
4.59

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article

Optimal Operation of Fast Charging Station Aggregator in Uncertain Electricity Markets Considering Onsite Renewable Energy and Bounded EV User Rationality

Simon Hu, Shiwei Xie, Yanchong Zheng, Qiang Yang et al.
22 citations
IEEE Transactions on Industrial Informatics
Electric Vehicles and Infrastructure
4.59
article

Optimal Operation of Fast Charging Station Aggregator in Uncertain Electricity Markets Considering Onsite Renewable Energy and Bounded EV User Rationality

Simon Hu, Shiwei Xie, Yanchong Zheng, Qiang Yang, Yuanyi Chen
article en
22 citations

Abstract

The increasing proliferation of electric vehicles (EVs) and renewable energy sources (RESs) poses challenges to the operation of coupled power and transportation networks due to their uncertainties, where EV users' routing and charging behaviors are subjected to their complex decision-making rationality. To economically manage numerous fast charging stations with onsite RESs, this article focuses on the optimal day-ahead bidding and intraday scheduling strategies of a fast charging station aggregator (FCSA) to maximize its profit in the electricity market. Traffic simulation based on boundedly rational dynamic user equilibrium is presented to model charging demand under bounded rationality of EV users. To efficiently manipulate large-scale EVs, a group charging scheduling framework is proposed to reduce decision variables. Uncertainties in electricity prices, RES generation, traffic demand, and user rationality are addressed by stochastic programming. Case studies have validated the effectiveness of the proposed method in reducing the FCSA's operational costs and RES curtailment.

IEEE Transactions on Industrial InformaticsVol. 20(11)
Zhejiang University-University of Edinburgh Institute (CN), Zhejiang University (CN), Fuzhou University (CN)
National Natural Science Foundation of China
Affordable and clean energy
Openalex Percentile: Top 5%
Electric Vehicles and Infrastructure
4.59
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Optimal Operation of Fast Charging Station Aggregator in Uncertain Electricity Markets Considering Onsite Renewable Energy and Bounded EV User Rationality — Simon Hu, Shiwei Xie, et al. · IEEE Transactions on Industrial Informatics (2024) | TGRS Research Map | TGRS