Motivated by the high electric vehicle (EV) penetration percentages foreseen for the near future, this paper studies the participation of large fleets of EVs in electricity day-ahead markets. Specifically, we consider a scenario where a number of independent and self-interested EV aggregators participate in the day-ahead market to purchase energy to satisfy their clients' driving needs. In this scenario, independent bidding can drive prices up unnecessarily, resulting in increased electricity costs for all participants. Inter-aggregator cooperation can mitigate this by producing coordinated bids. However, this is challenging due to the self-interested nature of the aggregators, who may try to manipulate the system in order to obtain personal benefit. In order to overcome this issue, we employ techniques from mechanism design to develop a coordination mechanism which incentivises self-interested EV aggregators to report their energy requirements truthfully to a third-party coordinator. This coordinator is then able to employ a day-ahead bidding algorithm to optimise the global bids on their behalf, extending the benefits of smart bidding to groups of competing EV aggregators. Importantly, the proposed coordination mechanism is straightforward to implement and does not require any additional infrastructure. To ensure scalability and computational tractability, a novel price-maker dayahead bidding algorithm is proposed, which is formulated in terms of simple energy requirement constraints. The coordination mechanism substantially reduces bidding costs, as shown in a case study which uses real market and driver data from the Iberian Peninsula.
Current approaches for assessing the effects of invasive alien species (IAS) are biased toward the negative effects of these species, resulting in an incomplete picture of their real effects. This can result in an inefficient IAS management. We address this issue by describing the INvasive Species Effects Assessment Tool (INSEAT) that enables expert elicitation for rapidly assessing the ecological consequences of IAS using the ecosystem services (ES) framework. INSEAT scores the ecosystem service “gains and losses” using a scale that accounted for the magnitude and the reversibility of its effects. We tested INSEAT on 18 IAS in Great Britain. Here, we highlighted four case studies: Harmonia axyridis (Harlequin ladybird), Astacus leptodactylus (Turkish crayfish), Pacifastacus leniusculus (Signal crayfish) and Impatiens glandulifera (Himalayan balsam). The results demonstrated that a collation of different experts’ opinions using INSEAT could yield valuable information on the invasive aliens’ ecological and social effects. The users can identify certain IAS as ES providers and the trade‐offs between the ES provision and loss associated with them. This practical tool can be useful for evidence‐based policy and management decisions that consider the potential role of invasive species in delivering human well‐being.
Community Energy Markets (CEMs) enable trading opportunities between participants in a community to achieve savings and profits. However, the market design and the behaviour of participants are key factors that determine the success of such markets. To this end, this research presents a CEM model and conducts agent-based simulations to study the benefits of the CEM to consumers and prosumers. The proposed market structure is an hour-ahead periodic double auction. In particular, market rules are proposed that incentivise the provision of energy supply to the community and the investment in energy storage. Furthermore, a trading strategy is introduced that leverages energy flexibility created by the storage devices. Finally, as well as the hour-ahead market, we include a minute-by-minute balancing as part of the CEM’s energy exchange mechanism. The balancing approach is introduced to account for a community budget deficit caused by the time difference between supply and demand. The proposed market results in cost savings for consumers and profit for prosumers similar to existing approaches, while increasing the energy suppliers’ percentage of financial benefits from 50% to a range between 60–96% depending on the community configuration. Moreover, the market model accounts for uncertainties in supply and demand and suggests a methodology to overcome the community budget deficit.
We consider mechanisms for the online allocation of perishable resources such as energy or computational power. A main application is electric vehicle charging where agents arrive and leave over time. Unlike previous work, we consider mechanisms without money, and a range of objectives including fairness and efficiency. In doing so, we extend the concept of envy-freeness to online settings. Furthermore, we explore the trade-offs between different objectives and analyse their theoretical properties both in online and offline settings. We then introduce novel online scheduling algorithms and compare them in terms of both their theoretical properties and empirical performance.
Given the rapid rise of electric vehicles (EVs) worldwide, and the ambitious targets set for the near future, the management of large EV fleets must be seen as a priority. Specifically, we study a scenario where EV charging is managed through self-interested EV aggregators who compete in the day-ahead market in order to purchase the electricity needed to meet their clients' requirements. In order to reduce electricity costs and lower the impact on electricity markets, a centralised bidding coordination framework has been proposed in the literature employing a coordinator. In order to improve privacy and limit the need for the coordinator, we propose a reformulation of the coordination framework as a decentralised algorithm, employing the Alternating Direction Method of Multipliers (ADMM). However, given the self-interested nature of the aggregators, they can deviate from the algorithm in order to improve their personal utility. Hence, we study strategic manipulation of the ADMM algorithm and, in doing so, describe and analyse different attack vectors and propose a mathematical framework to quantify and detect manipulation. Moreover, this detection framework is not limited the considered EV scenario and can be applied to general ADMM algorithms. Finally, we test the proposed decentralised coordination and manipulation detection algorithms in realistic scenarios using real market and driver data from Spain. Our empirical results show the convergence of the coordination algorithm, and that the detection algorithm accurately detects deviating behaviour in up to 96% of the cases. 1 intermediary between a fleet of EVs and the electricity grid and markets. The aggregator is able to control the charging of its fleet, and this way informed collective decisions can be made. In contrast with individual EV operation, the much higher degree of coordination possible when a fleet is centrally managed by an aggregator offers great benefits. For example, electricity consumption to charge the fleet's batteries can be spread over time, avoiding expensive and polluting demand peaks. In particular, in this work we focus on EV aggregators participating in day-ahead markets, in order to purchase the electricity needed to meet their clients' energy requirements. In more detail, day-ahead markets match electricity supply and demand on an hourly basis (see Section 3), and are the main source of wholesale electricity. Here, increased electricity demand means increased prices, resulting in the so-called price impact, and hence it is in every market participant's interest to avoid unnecessary demand peaks.In this work we focus on a scenario where different EV aggregators co-exist in the same day-ahead market. These aggregators may vary in nature and size, but it is reasonable to assume that they are self-interested. Indeed, reduced electricity costs translate into more profit for the aggregator and/or more benefits for their EV fleet. In this scenario, reduced overall costs can be achieved by inter-aggregator coordination, producing more inf...
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