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New Findings from Taibah University in the Area of Industry Applications Described (Dynamic Real-time Pricing Mechanism for Electric Vehicles Charging Considering Optimal Microgrids Energy Management System)

  • Oct 6, 2021 12:29 pm GMT
Middle East Daily

2021 OCT 05 (NewsRx) -- By a News Reporter-Staff News Editor at Middle East Daily -- New research on Business - Industry Applications is the subject of a report. According to news reporting originating from Yanbu, Saudi Arabia, by NewsRx correspondents, research stated, “Managing electric vehicles (EVs) charging activities when the power grid is congested is a challenging task. This article proposes a dynamic, real-time, demand-influenced energy pricing mechanism to accurately allocate fairness to the billing strategy of the EVs charging process.”

Our news editors obtained a quote from the research from Taibah University, “The proposed mechanism is based on the concept of the inverse-demand function to reflect instantaneous energy prices following the microgrids’ real-time energy supply. It comprises two pricing fractions: retail energy price representing the energy cost for non-EVs demand during peak hours, and congested energy price allocated for billing EVs charging events during congested timeslots. The proposed methodology is implemented in a hierarchal multiagent architecture with an optimal energy management system to provide a cost-efficient microgrid operation. The input to the optimization problem is stochastic models that represent day-ahead photovoltaic (PV) production forecast, EVs energy levels, and connectivity times’ prediction models based on a discrete-time Markov chain. Additionally, a predictive model of daily load is also proposed based on adaptive artificial neural networks. The aforementioned models utilized historical data for Miami-Dade County, South Florida.”

According to the news editors, the research concluded: “Through numerical simulations, we attest that the proposed pricing mechanism achieves significant energy price reduction for non-EVs consumers when compared with results from previously published pricing policies.”

This research has been peer-reviewed.

For more information on this research see: Dynamic Real-time Pricing Mechanism for Electric Vehicles Charging Considering Optimal Microgrids Energy Management System. IEEE Transactions on Industry Applications, 2021;57(5):5372-5381. IEEE Transactions on Industry Applications can be contacted at: Ieee-inst Electrical Electronics Engineers Inc, 445 Hoes Lane, Piscataway, NJ 08855-4141, USA. (Institute of Electrical and Electronics Engineers -; IEEE Transactions on Industry Applications -

The news editors report that additional information may be obtained by contacting Tawfiq Masad Aljohani, Taibah University, Yanbu, Saudi Arabia. Additional authors for this research include Ahmed F. Ebrahim and Osama A. Mohammed.

The direct object identifier (DOI) for that additional information is: This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.


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