Economic real-time energy trading services for electric vehicles with uncertain mobility demand. (15th March 2022)

• Record Type: Journal Article
• Authors: Merfeld, Tanja; Meisel, Stephan
• Is Part Of: Journal of cleaner production. Volume 340(2022)
• Publication Date: 2022-03-15
• Subjects: Sustainable transport -- Energy trading -- Energy management -- E-vehicle services -- Mobility demand uncertainty -- Energy buffering; Factory and trade waste -- Management -- Periodicals; Manufactures -- Environmental aspects -- Periodicals; Déchets industriels -- Gestion -- Périodiques; Usines -- Aspect de l'environnement -- Périodiques; 628.5
• DOI: 10.1016/j.jclepro.2022.130639
• Languages: English
• ISSNs: 0959-6526

Abstract

Abstract: Real-time energy trading services have recently been proposed to facilitate the transition from vehicles with combustion engines to e-vehicles. Such services involve e-vehicle owners and a provider of energy trading skills, where the latter manages e-vehicle (dis-)charging at real-time energy prices. We propose and evaluate a data-driven optimization approach for the operational management of services that address e-vehicle owners with uncertain mobility demand and with a solar generator. We formulate the management problem as a sequential decision problem, and propose to solve it by integrating a lookahead policy with a safety energy buffering approach. We study by computer simulation the economic sustainability and the practical viability of the services under different degrees of mobility demand uncertainty, and for different e-vehicle owner types. We assess the negative impact of the uncertainty on both financial value and mobility demand satisfaction of the services. We show that our optimization approach with time-dependent energy buffering enables high mobility demand satisfaction while achieving, even in the case of extreme mobility demand uncertainty, on average at least 92% of the financial value that can be achieved under quasi-deterministic mobility demand. We show that combining our approach with departure time flexibility is sufficient to reach perfect mobility demand satisfaction and a further increase of the financial value. Highlights: Studies real-time energy trading e-vehicle services with uncertain mobility demand. Quantifies the negative impact of the uncertainty on economic service performance. Proposes a data-driven optimization approach for real-time energy trading services. Leverages energy buffering to mitigate the negative impact of the uncertainty. Shows that full mobility demand satisfaction requires departure time flexibility.