Electric vehicle charging stations with renewable power generators: A game theoretical analysis

Woongsup Lee, Lin Xiang, Robert Schober, Vincent W.S. Wong

Research output: Contribution to journalArticlepeer-review

145 Citations (Scopus)

Abstract

In this paper, we study the price competition among electric vehicle charging stations (EVCSs) with renewable power generators (RPGs). As electric vehicles (EVs) become more popular, a competition among EVCSs to attract EVs is inevitable. Thereby, each EVCS sets its electricity price to maximize its revenue by taking into account the competition with neighboring EVCSs. We analyze the competitive interactions between EVCSs using game theory, where relevant physical constraints such as the transmission line capacity, the distance between EV and EVCS, and the number of charging outlets at the EVCSs are taken into account. We show that the game played by EVCSs is a supermodular game and there exists a unique pure Nash equilibrium for best response algorithms with arbitrary initial policy. The electricity price and the revenue of EVCSs are evaluated via simulations, which reveal the benefits of having RPGs at the EVCSs.

Original languageEnglish
Article number6987327
Pages (from-to)608-617
Number of pages10
JournalIEEE Transactions on Smart Grid
Volume6
Issue number2
DOIs
Publication statusPublished - 2015 Mar 1

Bibliographical note

Publisher Copyright:
© 2010-2012 IEEE.

All Science Journal Classification (ASJC) codes

  • General Computer Science

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