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Pricing Strategy of Fast Charging Stations in Coupled Power-Transportation System Considering Responsive Traffic Demand

  • Xi'an Jiaotong University
  • China Southern Power Grid

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

The price of fast charging stations (FCSs) can dramatically impact the behavior of electric vehicle (EV) users on choosing paths or charging stations, which will further influence the operation of both power distribution network (PDN) and transportation network (TN). This paper proposes a unique framework to get an optimal pricing strategy for FCSs considering the responsive traffic demand of EV users. The responsive traffic demand correlates closely with the current charging price and traffic condition. The optimal pricing problem of FCSs considered coupled operation of PDN and TN is first formulated as a bi-level optimization model to maximize the profit of the distribution power system operator (DSO). Then a deep reinforcement learning method is adopted to approximately solve the hard bi-level problem. Numerical experiments demonstrate that the proposed strategy can redistribute charging loads and enhance the operation of PDN.

Original languageEnglish
Title of host publicationThe 37th Annual Conference on Power System and Automation in Chinese Universities, CUS-EPSA 2022
EditorsPingliang Zeng, Xiao-Ping Zhang, Vladimir Terzija, Yi Ding, Yunxia Luo
PublisherSpringer Science and Business Media Deutschland GmbH
Pages460-469
Number of pages10
ISBN (Print)9789819914388
DOIs
StatePublished - 2023
Event37th Annual Conference on Power System and Automation in Chinese Universities, CUS-EPSA 2022 - Hangzhou, China
Duration: 23 Oct 202225 Oct 2022

Publication series

NameLecture Notes in Electrical Engineering
Volume1030 LNEE
ISSN (Print)1876-1100
ISSN (Electronic)1876-1119

Conference

Conference37th Annual Conference on Power System and Automation in Chinese Universities, CUS-EPSA 2022
Country/TerritoryChina
CityHangzhou
Period23/10/2225/10/22

Keywords

  • Electric vehicle
  • Fast charging station
  • Power distribution network
  • Pricing strategy
  • Transportation network

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