Deadline differentiated pricing in practice: marketing EV charging in car parks

Salah, Florian; Flath, Christoph M.

doi:10.1007/s00450-014-0293-5

Cited by 22 publications

(13 citation statements)

References 11 publications

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“…Such a strategy is proposed by Salah and Flath [76]. They propose an offline approach to the setting of price offers for different deadlines based on stochastic optimization, which accounts for uncertainties in the charging requirements of users during the planning horizon.…”

Section: Flexibility In the Charging Durationmentioning

confidence: 99%

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Dynamic Pricing for Electric Vehicle Charging—A Literature Review

Limmer

2019

Energies

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Time-varying pricing is seen as an appropriate means for unlocking the potential flexibility from electric vehicle users. This in turn facilitates the future integration of electric vehicles and renewable energy resources into the power grid. The most complex form of time-varying pricing is dynamic pricing. Its application to electric vehicle charging is receiving growing attention and an increasing number of different approaches can be found in the literature. This work aims at providing an overview and a categorization of the existing work in this growing field of research. Furthermore, user studies and the modeling of user preferences via utility functions are discussed.

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Section: Flexibility In the Charging Durationmentioning

confidence: 99%

“…This is, for example, the case in Reference [48], where g(x) is termed valuation. In Reference [76], g(x) is called gross utility and f (x, p) is termed net utility. Other works term g(x) utility and f (x, p) profit or surplus.…”

Section: Utility Functions For Ev Chargingmentioning

confidence: 99%

Dynamic Pricing for Electric Vehicle Charging—A Literature Review

Limmer

2019

Energies

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“…The concept of deadline differentiated pricing was first proposed in a conference paper[3] and subsequently empirically evaluated in[30].…”

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confidence: 99%

Deadline Differentiated Pricing of Deferrable Electric Loads

Bitar

2017

IEEE Trans. Smart Grid

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Abstract-A large fraction of total electricity demand is comprised of end-use devices whose demand for energy is inherently deferrable in time. Of interest is the potential to use this latent flexibility in demand to absorb variability in power supplied from intermittent renewable generation. A fundamental challenge lies in the design of incentives that induce the desired response in demand. With an eye to electric vehicle charging, we propose a novel forward market for deadline-differentiated electric power service, where consumers consent to deferred service of pre-specified loads in exchange for a reduced price for energy. The longer a consumer is willing to defer, the lower the price for energy. The proposed forward contract provides a guarantee on the aggregate quantity of energy to be delivered by a consumer-specified deadline. Under the earliest-deadlinefirst (EDF) scheduling policy, which is shown to be optimal for the supplier, we explicitly characterize a non-discriminatory, deadline-differentiated pricing scheme that yields an efficient competitive equilibrium between the supplier and consumers. We further show that this efficient pricing scheme, in combination with EDF scheduling, is incentive compatible (IC) in that every consumer would like to reveal her true deadline to the supplier, regardless of the actions taken by other consumers.

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“…In particular, we consider a deadline differentiated pricing (DDP) approach for an electric vehicle charging service based on Salah and Flath (2016).…”

Section: Deadline-differentiated Pricing For Ev Chargingmentioning

confidence: 99%

Morphological analysis of energy services: Paving the way to quality differentiation in the power sector

et al. 2017

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This is the author's version of a work that was published in the following source:Salah, F.; Flath, C. M.; Schuller, A.; Weinhardt, C. (2017).Morphological analysis of energy services: Paving the way to quality differentiation in the power sector .Energy policy, 106, 614-624. doi:10.1016/j.enpol.2017.03.024 Please note: Copyright is owned by the author(s) and / or the publisher. The commercial use of this copy is not allowed. AbstractThe activation of the still predominantly passive demand side is necessary to further guarantee a stable power system in the short term and ensure capacity adequacy in the long run.A system with a high share of generators with nearly no marginal costs requires new services that facilitate transmitting the right economic signals to the system stakeholders. To this end we refine the notion of energy services and propose a framework to systematically design quality differentiated energy services for consumers. This approach facilitates a value-based economic assessment of energy services that deviates from the marginal-cost-paradigm. We further illustrate pricing options for these new energy service products and outline infrastructural needs and additional use case-specific product properties. Moreover, we discuss how the morphological approach can be formalised using a mathematical programming formulation and introduce a complexity measure that facilitates assessing potential adoption obstacles for end consumers. Additionally, we illustrate the practical applicability of these findings by using a prototypical implementation of a decision support system. To foster differentiated energy services, we recommend a more lenient regulatory regime lowering the barriers for new market entrants.

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Deadline differentiated pricing in practice: marketing EV charging in car parks

Cited by 22 publications

References 11 publications

Dynamic Pricing for Electric Vehicle Charging—A Literature Review

Dynamic Pricing for Electric Vehicle Charging—A Literature Review

Deadline Differentiated Pricing of Deferrable Electric Loads

Morphological analysis of energy services: Paving the way to quality differentiation in the power sector

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