An Incentivized Auction-Based Group-Selling Approach for Demand Response Management in V2G Systems

@article{Zeng2015AnIA,
  title={An Incentivized Auction-Based Group-Selling Approach for Demand Response Management in V2G Systems},
  author={Ming Zeng and Supeng Leng and Sabita Maharjan and Stein Gjessing and Jianhua He},
  journal={IEEE Transactions on Industrial Informatics},
  year={2015},
  volume={11},
  pages={1554-1563}
}
Vehicle-to-grid (V2G) system with efficient demand response management (DRM) is critical to solve the problem of supplying electricity by utilizing surplus electricity available at electric vehicles (EVs). An incentivized DRM approach is studied to reduce the system cost and maintain the system stability. EVs are motivated with dynamic pricing determined by the group-selling-based auction. In the proposed approach, a number of aggregators sit on the first-level auction responsible to… CONTINUE READING
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