• DocumentCode
    79246
  • Title

    Pricing and Revenue Maximization for Battery Charging Services in PHEV Markets

  • Author

    Binyan Zhao ; Yi Shi ; Xiaodai Dong

  • Author_Institution
    Dept. of Electr. & Comput. Eng., Univ. of Victoria, Victoria, BC, Canada
  • Volume
    63
  • Issue
    4
  • fYear
    2014
  • fDate
    May-14
  • Firstpage
    1987
  • Lastpage
    1993
  • Abstract
    This paper investigates a pricing strategy to maximize the revenue in future plug-in hybrid electric vehicles´ market for battery charging services. Service models are developed for a monopoly market with two typical service classes. The unique characteristics of battery charging result in a piecewise linear quality of service (QoS) model. By resorting to the concept of superdifferential, some theoretical results, including the existence and uniqueness of the subscriber equilibrium and the convergence of the corresponding subscriber dynamics, are established. In the course of developing revenue-maximizing pricing strategies for both service classes, a general tradeoff has been identified between monetization and customer acquisition.
  • Keywords
    battery storage plants; electric vehicles; monopoly; power system economics; PHEV markets; QoS model; battery charging services; monopoly market; piecewise linear quality of service; plug-in hybrid electric vehicles market; pricing maximization; revenue maximization; revenue-maximizing pricing strategies; Batteries; Biological system modeling; Cost accounting; Pricing; Quality of service; Subscriptions; Vehicle dynamics; Economic model; plug-in hybrid electric vehicle (PHEV); revenue maximization; smart grid; subscription dynamics;
  • fLanguage
    English
  • Journal_Title
    Vehicular Technology, IEEE Transactions on
  • Publisher
    ieee
  • ISSN
    0018-9545
  • Type

    jour

  • DOI
    10.1109/TVT.2013.2288354
  • Filename
    6654298