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Optimal Energy Trading Policy for Solar-Powered Microgrids: A Modeling Approach Based on Plug-in Hybrid Electric Vehicles

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Smart and Digital Cities

Part of the book series: Urban Computing ((UC))

Abstract

Battery management is key to enact the widespread use of microgrid-connected electric vehicles. We thoroughly review the literature and tackle the role of battery in the process of energy commercialization between the microgrids and utilities. In particular, by considering the battery management as a stochastic inventory control problem, we develop a dynamic programming model and we obtain an optimal policy for it. Then, we further explore the baseline model by investigating a scenario in which the microgrid is constrained by a budget defined a priori. Such a budget constraint captures situations when the microgrid profile is risk averse. We end by discussing the main issues that stem from such a budget constraint scenario.

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Acknowledgements

This research was partially supported by the Research Foundation of Minas Gerais State (FAPEMIG), Brazil (Grant Number: PPM-00149-12), by a scholarship supported by the Brazilian Federal Agency for Support and Evaluation of Graduate Education (CAPES) within the Ministry of Education of Brazil, and by the National Council for Scientific and Technological Development (CNPq), Brazil (Grant Number: 473966/2013-1 and 303906/2013-8).

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Authors and Affiliations

  1. Federal University of Minas Gerais, Belo Horizonte, MG, Brazil

    Hendrigo Batista da Silva

  2. Copenhagen Business School, Frederiksberg, Denmark

    Leonardo P. Santiago

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  1. Hendrigo Batista da Silva
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Correspondence to Hendrigo Batista da Silva .

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Editors and Affiliations

  1. Institute of Computer Science, Universidade Federal Fluminense, Niterói, Rio de Janeiro, Brazil

    Vitor Nazário Coelho

  2. Instituto de Matemática e Estatística, Universidade do Estado do Rio de Janeiro, Rio de Janeiro, Rio de Janeiro, Brazil

    Igor Machado Coelho

  3. Department of Engineering and Information and Communication Technologies, Universitat Pompeu Fabra, Barcelona, Spain

    Thays A.Oliveira

  4. Institute of Computer Science, Universidade Federal Fluminense, Niterói, Rio de Janeiro, Brazil

    Luiz Satoru Ochi

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da Silva, H.B., Santiago, L.P. (2019). Optimal Energy Trading Policy for Solar-Powered Microgrids: A Modeling Approach Based on Plug-in Hybrid Electric Vehicles. In: Nazário Coelho, V., Machado Coelho, I., A.Oliveira, T., Ochi, L.S. (eds) Smart and Digital Cities. Urban Computing. Springer, Cham. https://doi.org/10.1007/978-3-030-12255-3_16

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  • DOI: https://doi.org/10.1007/978-3-030-12255-3_16

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-12254-6

  • Online ISBN: 978-3-030-12255-3

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