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Strategic Pricing of Electric Vehicle Charging Service Providers in Coupled Power-Transportation Networks
Li, Ke1; Shao, Chengcheng1; Zhang, Hongcai2; Wang, Xifan1
2022-11-03
Source PublicationIEEE Transactions on Smart Grid
ISSN1949-3053
Volume14Issue:3Pages:2189-2201
Abstract

Electric vehicles (EVs) are developing at a rapid pace. The EV charging station (EVCS) plays an indispensable role in supplying EV charging demand and promoting the transportation electrification. This work proposes a pricing method to maximize the profit of EVCS owners, charging service providers. First, the tri-level pricing framework is established where EVCSs set charging prices at the upper level, EVs make route and charging options at the middle level, and the electricity price is cleared in power distribution network at the lower level. Second, the singlelevel optimal pricing model is established with traffic flow assigned, power generation scheduled and electricity price explicitly contained via KKT conditions. The proposed model considers the impact of EVCS configuration on traffic assignment and pricing strategy. The operation risk brought by uncertainties is managed via Conditional value at risk. Third, a decomposition solution algorithm is proposed, which tackles the computational burdens and overcomes the infeasibility of existing algorithms. Finally, the real-world urban network-based case studies verify the effectiveness and merits of the proposed method.

KeywordElectric Vehicle Charging Station Optimal Pricing User Equilibrium Tri-level Optimization Decomposition Algorithm
DOI10.1109/TSG.2022.3219109
URLView the original
Indexed BySCIE
Language英語English
WOS Research AreaEngineering
WOS SubjectEngineering, Electrical & Electronic
WOS IDWOS:000976141300041
PublisherIEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC, 445 HOES LANE, PISCATAWAY, NJ 08855-4141
Scopus ID2-s2.0-85141597108
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Citation statistics
Document TypeJournal article
CollectionDEPARTMENT OF ELECTRICAL AND COMPUTER ENGINEERING
THE STATE KEY LABORATORY OF INTERNET OF THINGS FOR SMART CITY (UNIVERSITY OF MACAU)
Corresponding AuthorShao, Chengcheng
Affiliation1.School of Electrical Engineering, Xi’an Jiaotong University, Xi’an, China
2.State Key Laboratory of Internet of Things for Smart City and Department of Electrical and Computer Engineering, University of Macau, Macau, China
Recommended Citation
GB/T 7714
Li, Ke,Shao, Chengcheng,Zhang, Hongcai,et al. Strategic Pricing of Electric Vehicle Charging Service Providers in Coupled Power-Transportation Networks[J]. IEEE Transactions on Smart Grid, 2022, 14(3), 2189-2201.
APA Li, Ke., Shao, Chengcheng., Zhang, Hongcai., & Wang, Xifan (2022). Strategic Pricing of Electric Vehicle Charging Service Providers in Coupled Power-Transportation Networks. IEEE Transactions on Smart Grid, 14(3), 2189-2201.
MLA Li, Ke,et al."Strategic Pricing of Electric Vehicle Charging Service Providers in Coupled Power-Transportation Networks".IEEE Transactions on Smart Grid 14.3(2022):2189-2201.
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