PROJECT TITLE :

Challenges in Future Competition of Electric Vehicle Charging Management and Solutions

ABSTRACT:

Within the foreseeable future, power grids can be managed largely with demand-facet management (DSM) programs. With the growing population of electrical vehicles (EVs) and the emergence of aggregators, DSM will surely introduce a lot of intense competition to the markets. Since EV charging produces a large amount of your time-versatile load in power systems, competition of its management may become a major game. This paper first formulates the sport of EV charging management to explain this major form of the long run DSM competition and then studies three challenges inherent in it: one) inefficiency of Nash equilibria; two) the sport of chicken; and 3) cheating on non-public information. It is found that a central regulator is needed to forestall these drawbacks. Solutions are proposed and a central governing procedure is also presented. The notion of the game of EV charging management is compatible with DSM programs that can schedule load flexibly over multiple time periods.