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The Value of Information Exchange in Electric Vehicle Charging

Title data

Fridgen, Gilbert ; Mette, Philipp ; Thimmel, Markus:
The Value of Information Exchange in Electric Vehicle Charging.
2014
Event: 35th International Conference on Information Systems (ICIS) , 14.-17. Dez. 2014 , Auckland, New Zealand.
(Conference item: Conference , Paper )

Official URL: Volltext

Project information

Project title:
Project's official titleProject's id
Projektgruppe WI Energie und kritische InfrastrukturenNo information

Abstract in another language

Renewable energy integration is accompanied by highly volatile energy generation, which urges energy suppliers to use costly countermeasures to prevent energy imbalances, grid instabilities and power outages. Therefore, using demand-side approaches to shift flexible demand over time is a promising opportunity. In the case of electric vehicles, research papers mostly discuss vehicle drivers’ individual charging strategies based upon pricing information. The objective of this paper is to quantify the aggregate economic benefit of an advanced metering approach wherein electric vehicle drivers simply provide information about the start of the next trip to the energy supplier, who can then optimize the charging strategy for all drivers based on this information. By using a quantitative model and a multi-agent simulation for evaluation, we analyze original data from Germany to conclude that advanced metering can enable significant savings. Finally, we present a pricing scheme that would incentivize the drivers to provide truthful information.

Further data

Item Type: Conference item (Paper)
Refereed: Yes
Keywords: Charging strategy, information value, electric vehicle, demand-side management, residual load
Institutions of the University: Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Informations Systems and sustainable IT management
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Informations Systems and sustainable IT management > Professorship Business Informations Systems and sustainable IT management- Univ.-Prof. Dr. Gilbert Fridgen
Profile Fields
Profile Fields > Emerging Fields
Profile Fields > Emerging Fields > Innovation and Consumer Protection
Research Institutions
Research Institutions > Research Centres > Forschungszentrum für Modellbildung und Simulation (MODUS)
Research Institutions > Affiliated Institutes
Research Institutions > Affiliated Institutes > Fraunhofer Project Group Business and Information Systems Engineering
Research Institutions > Affiliated Institutes > FIM Research Center Finance & Information Management
Research Institutions > Research Centres
Result of work at the UBT: Yes
DDC Subjects: 000 Computer Science, information, general works > 004 Computer science
300 Social sciences > 330 Economics
Date Deposited: 31 Mar 2015 10:48
Last Modified: 19 Dec 2018 10:27
URI: https://eref.uni-bayreuth.de/id/eprint/7777