Journal
IEEE ACCESS
Volume 5, Issue -, Pages 732-754Publisher
IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC
DOI: 10.1109/ACCESS.2017.2649042
Keywords
Cyber insurance; plug-in electric vehicle; vehicle charging; vehicle-to-grid; Markov decision process.
Categories
Funding
- Singapore MOE Tier 1 [RG18/13, RG33/12]
- MOE Tier 2 [MOE2014-T2-2-015 ARC4/15, MOE2013-T2-2-070 ARC16/14]
- Natural Sciences and Engineering Research Council of Canada
Ask authors/readers for more resources
In addition to being environment friendly, vehicle-to-grid (V2G) systems can help the plug-in electric vehicle (PEV) users in reducing their energy costs and can also help stabilizing energy demand in the power grid. In V2G systems, since the PEV users need to obtain system information (e.g., locations of charging/discharging stations, current load, and supply of the power grid) to achieve the best charging and discharging performance, data communication plays a crucial role. However, since the PEV users are highly mobile, information from V2G systems is not always available for many reasons, e.g., wireless link failures and cyber attacks. Therefore, in this paper, we introduce a novel concept using cyber insurance to transfer cyber risks, e.g., unavailable information, of a PEV user to a third party, e.g., a cyber-insurance company. Under the insurance coverage, even without information about V2G systems, a PEV user is always guaranteed the best price for charging/discharging. In particular, we formulate the optimal energy cost problem for the PEV user by adopting a Markov decision process framework. We then propose a learning algorithm to help the PEV user make optimal decisions, e.g., to charge or discharge and to buy or not to buy insurance, in an online fashion. Through simulations, we show that cyber insurance is an efficient solution not only in dealing with cyber risks, but also in maximizing revenue for the PEV user.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available