Investigation of Electric Vehicles Contributions in an Optimized Peer-to-Peer Energy Trading System

Abstract

The rapid increase in integration of Electric Vehicles (EVs) and Renewable Energy Sources (RESs) at the consumption level poses many challenges for network operators. Recently, Peer-to-Peer (P2P) energy trading has been considered as an effective approach for managing RESs, EVs, and providing market solutions. This paper investigates the effect of EVs and shiftable loads on P2P energy trading with enhanced Vehicle to Home (V2H) mode, and proposes an optimized Energy Management Systems aimed to reduce the net energy exchange with the grid. Mixed-integer linear programming (MILP) is used to find optimal energy scheduling for smart houses in a community. Results show that the V2H mode reduces the overall energy costs of each prosumer by up to 23% compared to operating without V2H mode (i.e., EVs act as a load only). It also reduces the overall energy costs of the community by 15% compared to the houses operating without the V2H mode. Moreover, it reduces the absolute net energy exchanged between the community and the grid by 3%, which enhances the energy independence of the community.