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A sharing economy market system for private EV parking with consideration of demand side management

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  • Xu, Fangyuan
  • Chen, Xujie
  • Zhang, Miao
  • Zhou, Ya
  • Cai, Yanpeng
  • Zhou, Yang
  • Tang, Ruixin
  • Wang, Yifei

Abstract

Sharing economy leads to a series of revolutions in various industries, which increases the efficiency of assets utilization and reduces redundant products. Parking space sharing is a typical presentation of sharing economy. With the rapid development of electric vehicle (EV), shared parking with EVs brings a large storage resources with dynamic entry and exit behaviours for microgrid. This paper proposes a new market framework for shared parking space with EVs. This framework provides chances for microgrid or aggregator to utilize the EVs’ storages in the demand side management (DSM). DSM in microgrid will optimize their costs by modifying EVs’ charging/discharging behaviours. The benefits earned from DSM will be shared to car owners as well. Moreover, the proposed compensational matching module will use the shared DSM benefit to compensate the price gap between cars and car owners, indicating that DSM on sharing car space can provide more parking chances. A numerical study on practical data is used to verify the model. Results show that the proposed framework can not only reduce the power cost of microgrid and renting fee of cars, but also promote more chances of parking.

Suggested Citation

  • Xu, Fangyuan & Chen, Xujie & Zhang, Miao & Zhou, Ya & Cai, Yanpeng & Zhou, Yang & Tang, Ruixin & Wang, Yifei, 2020. "A sharing economy market system for private EV parking with consideration of demand side management," Energy, Elsevier, vol. 190(C).
    • Handle: RePEc:eee:energy:v:190:y:2020:i:c:s036054421932016x
    DOI: 10.1016/j.energy.2019.116321
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    References listed on IDEAS

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    Cited by:

    1. Li Xiong & Chengwen Wang & Zhaoran Xu, 2022. "Supply and demand matching model of P2P sharing accommodation platforms considering fairness," Electronic Commerce Research, Springer, vol. 22(3), pages 951-978, September.
    2. Zhang, Miao & Kang, Jiaxi & Tang, Ruixin & Xu, Fangyuan & Fan, Yiliang & Tang, Xiongming & Zhang, Haotian, 2020. "Sharing car park system for parking units of multiple EVs in a power market," Energy, Elsevier, vol. 212(C).
    3. Guo, Jun & Guan, Hongzhi & Han, Yan & Li, Wanying, 2024. "Evolutionary analysis of participation behavior of shared parking in traditional business district," Transport Policy, Elsevier, vol. 155(C), pages 110-123.
    4. Fan, Jing-Li & Wang, Jia-Xing & Zhang, Xian, 2020. "An innovative subsidy model for promoting the sharing of Electric Vehicles in China: A pricing decisions analysis," Energy, Elsevier, vol. 201(C).
    5. Xu, Fang Yuan & Tang, Rui Xin & Xu, Si Bin & Fan, Yi Liang & Zhou, Ya & Zhang, Hao Tian, 2021. "Neural network-based photovoltaic generation capacity prediction system with benefit-oriented modification," Energy, Elsevier, vol. 223(C).
    6. Yao, Zhaosheng & Ren, Xinyue & Chan, Wai Kin (Victor) & Jia, Fengwei & Zhu, Hongli & Xu, Yinliang & Wu, Qiuwei, 2026. "Innovative business model for private charging pile sharing operation and its vehicle-to-grid energy management," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 206(C).
    7. Wang, Yaxian & Zhao, Zhenli & Baležentis, Tomas, 2023. "Benefit distribution in shared private charging pile projects based on modified Shapley value," Energy, Elsevier, vol. 263(PB).
    8. Lukáš Dvořáček & Martin Horák & Michaela Valentová & Jaroslav Knápek, 2020. "Optimization of Electric Vehicle Charging Points Based on Efficient Use of Chargers and Providing Private Charging Spaces," Energies, MDPI, vol. 13(24), pages 1-28, December.
    9. Lin, Chun-Cheng & Wu, Yi-Fang & Liu, Wan-Yu, 2021. "Optimal sharing energy of a complex of houses through energy trading in the Internet of energy," Energy, Elsevier, vol. 220(C).

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