Co-optimizing Consumption and EV Charging under Net Energy Metering
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arXiv
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| Main Authors: | , , |
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| Format: | Preprint |
| Published: |
2022
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| _version_ | 1866916228616945664 |
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| author | Jeon, Minjae Tong, Lang Zhao, Qing |
| author_facet | Jeon, Minjae Tong, Lang Zhao, Qing |
| contents | We consider the co-optimization of flexible household consumption, electric vehicle charging, and behind-the-meter distributed energy resources under the net energy metering tariff. Using a stochastic dynamic programming formulation, we show that the solution to the dynamic programming co-optimization is a procrastination threshold policy that delays and minimizes electricity purchasing for EV charging in each time interval. The policy thresholds can be computed off-line, simplifying the continuous action space dynamic optimization to decoupled closed-form charging and consumption decisions. Empirical studies using renewable, consumption, and EV data demonstrate the benefits of co-optimization. |
| format | Preprint |
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arxiv_https___arxiv_org_abs_2211_11088 |
| institution | arXiv |
| publishDate | 2022 |
| record_format | arxiv |
| spellingShingle | Co-optimizing Consumption and EV Charging under Net Energy Metering Jeon, Minjae Tong, Lang Zhao, Qing Systems and Control We consider the co-optimization of flexible household consumption, electric vehicle charging, and behind-the-meter distributed energy resources under the net energy metering tariff. Using a stochastic dynamic programming formulation, we show that the solution to the dynamic programming co-optimization is a procrastination threshold policy that delays and minimizes electricity purchasing for EV charging in each time interval. The policy thresholds can be computed off-line, simplifying the continuous action space dynamic optimization to decoupled closed-form charging and consumption decisions. Empirical studies using renewable, consumption, and EV data demonstrate the benefits of co-optimization. |
| title | Co-optimizing Consumption and EV Charging under Net Energy Metering |
| topic | Systems and Control |
| url | https://arxiv.org/abs/2211.11088 |