A Novel Approach to Optimize EV's Dealing and Charging

It's an interesting idea to investigate the energy market as a potential means of reducing the power costs related to charging electric cars at public charging stations. Through intraday energy markets., several nations allow electricity trading until just before the delivery time. This research utilizes the market as an illustration to investigate the possibility of lowering power prices via intraday market trading. After conducting extensive simulations., the results show that charging schedule optimization combined with intraday trading in the markets may result in cost savings of around 9% when compared to obtaining all needed energy from the energy provider. A further 2% or more of cost savings may be realized by giving the charging station manager the ability to resell energy to the everyday electricity market. The research explores how the intraday electricity market's lead time and trading unit affect total expenses in addition to any possible cost savings. Lead time is shown to have a major impact on feasible power prices., whereas each trading unit has a negligible impact on the total cost dynamics.