Profit Maximization for EVSEs-Based Renewable Energy Sources in Smart Cities With Different Arrival Rate Scenarios

This paper proposes a profit maximization model for a Decentralized Electric Vehicle Supply Equipment (D-EVSE) equipped with a renewable energy sources system such as a solar energy system. We acknowledge a power connection to the central power grid when necessary. We allow EV to offer its surplus power as discharging power processes. We design a Decentralized Profit Maximization Algorithm (DPMA) to help D-EVSEs take profit from the electricity price variation during the day when selling or buying electricity respectively to EVs or from the grid or EVs as discharging processes. Finally, numerical simulations with MATLAB are conducted to prove the effectiveness of our proposed solution.