Zero Carbon V2X Tariffs for Non-Domestic Customers
By: Elisheva S Shamash, Zhong Fan
With the aim of meeting the worlds net-zero objectives, electricity trading through contractual agreements is becoming increasingly relevant in global and local energy markets. We develop contracts enabling efficient energy trading using Vehicle to Everything technology which can be applied to regulate energy markets and reduce costs and carbon emissions by using electric vehicles with bidirectional batteries to store energy during offpeak hours for export during peak hours. We introduce a contract based on the VCG mechanism which enables fleets of electric vehicles to export electricity to the grid efficiently throughout the day, where each electric vehicle has its energy consumption and exporting schedules and costs.
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