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Autonomous electric vehicle energy arbitrage market participation and ride-hailing as vehicle-to-market for demand side-management
Uppsala University, Civil Engineering and Built Environment, Uppsala, Sweden.
Uppsala University, Civil Engineering and Built Environment, Uppsala, Sweden.
Mälardalen University, School of Business, Society and Engineering, Future Energy Center.ORCID iD: 0000-0003-4191-3570
2025 (English)In: 2025 IEEE Power & Energy Society General Meeting (PESGM), Institute of Electrical and Electronics Engineers (IEEE) , 2025Conference paper, Published paper (Refereed)
Abstract [en]

There is a potential dual usage of Autonomous Electric Vehicles (AEVs) for ride-hailing and electricity market participation in a vehicle-to-market (V2M) setting. In this study a model for early adoption of AEVs is developed based on sequential optimization at each time-step for dual market participation choosing between ride-hailing and energy arbitrage market participation via Vehicle-to-Grid (V2G). Simulations with the model shows that there are, depending on ride-hailing rate and electricity price cost, yearly revenue estimations of upwards of $45k in extreme cases, with considerable revenue from in particular AEV ride-hailing payoff. Simulations also show that the activation fraction of AEV ride-hailing is dependent on both ride-hailing rate and electricity price. This dual market participation model thus reveals a potential demand-side management for V2G interaction, and ride-hailing, via for example time-based energy price tariffs.

Place, publisher, year, edition, pages
Institute of Electrical and Electronics Engineers (IEEE) , 2025.
Series
IEEE Power & Energy Society General Meeting, ISSN 1944-9933
National Category
Computer and Information Sciences
Identifiers
URN: urn:nbn:se:mdh:diva-74534DOI: 10.1109/pesgm52009.2025.11225426ISI: 001719901600320Scopus ID: 2-s2.0-105025198779ISBN: 979-8-3315-0995-8 (print)OAI: oai:DiVA.org:mdh-74534DiVA, id: diva2:2016370
Conference
2025 IEEE Power & Energy Society General Meeting (PESGM)
Available from: 2025-11-25 Created: 2025-11-25 Last updated: 2026-04-22Bibliographically approved

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Fachrizal, Reza

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CiteExportLink to record
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Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf