Designing a transactive electric vehicle agent with customer's participation preference

The proliferation of electric vehicles (EVs) and their inherent flexibility in charging timings make them an asset to improve grid performance. In contrast to direct control by a utility or autonomous price-based charging, the transactive control framework not only provides benefits to both grid and customers but also ensures customer autonomy. In this work, we design a transactive electric vehicle (TEV) agent that incorporates the EV owner's willingness to trade-off between savings and amenity in form of a slider, where the EV owner's amenity is characterized as vehicle readiness. Further, a privacy-preserving bidding formulation is proposed that also represents the customer's transactive preference. A transactive market mechanism is discussed that integrates the TEV Agents into the local retail market and reconciles with the current day-ahead and real-time market structure. It is demonstrated that the proposed slider is able to provide a preferred trade-off between savings and amenity to individual customers. At the same time, the market mechanism is shown to successfully reduce both peak prices and peak demand. A comparative investigation of V1G and V2G technologies with respect to the battery prices is also discussed. It reveals that the V2G does not offer significant additional benefits with current battery prices, but could be promising if battery costs decline in the future.

Automated summary

The proliferation of electric vehicles (EVs) and their flexibility in charging times make them valuable in improving grid performance. A transactive control framework, which allows customers to trade-off between savings and amenity, is designed to integrate EVs into the grid while maintaining customer autonomy. The proposed framework successfully reduces peak prices and peak demand while providing individual customers with their preferred trade-off. The study also compares V1G and V2G technologies with respect to battery prices, indicating that V2G may become promising if battery costs decline in the future.