Agent-based electricity market simulation with plug-in hybrid electric vehicle penetration
In this paper, we simulate an electricity market with PHEV penetration by using agent-based modeling and simulation (ABMS). We model the PHEV users as agents which have unique decision making processes to plan their daily trips and determine their charging schedules. Moreover, we study the impact of different PHEV penetration levels on the power system. The electricity demand from PHEVs is supplied by the electricity market. Based on the simulation model, we observe the PHEV owners' payment and investigate the relation to different market structures.