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

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 ...