Adaptive Blockchain-Based Electric Vehicle Participation Scheme in Smart Grid Platform

Abstract

The electric vehicle (EV) charging scheme can reduce the power generation costs and improve the smart grid resilience. However, the huge penetrations of EVs can impact the voltage stability and operating costs. In this paper, a novel EV participation charging scheme is proposed for a decentralized blockchain-enabled smart grid system. Our objectives are to minimize the power fluctuation level in the grid network and the overall charging cost for EV users. We first formulate the power fluctuation level problem of the smart grid system that take into accounts of EV battery capacities, charging rates, and EV users charging behavior. And then, we propose a novel adaptive blockchain-based electric vehicle participation (AdBEV) scheme that uses the Iceberg order execution algorithm to obtain an improved EV charging and discharging schedule. The simulation results show the proposed scheme outperforms the scheme that applying genetic algorithm approach in term of lowering the power fluctuation level and overall charging costs.