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
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;
Journal_Title :
Vehicular Technology, IEEE Transactions on
DOI :
10.1109/TVT.2013.2288354