Owing to the rapid progress in battery storage technology, electrifying the transportation sector has emerged as a well‐suited solution to alleviate dependence on oil, reduce fuel dissipation, and address environmental concerns in transportation systems. To this end, governments in numerous countries have been progressively establishing targets to facilitate the transition toward electrified transportation systems. Despite the benefits of transportation electrification, the substantial charging demand imposed by electric vehicles (EVs) with stochastic patterns poses a potential threat to the secure and cost‐effective operation of the distribution system. Thus, implementing proper coordination strategies to efficiently manage the massive charging demand of EVs will be crucial for the future power grid. Among different demand‐side management approaches, the transactive coordination method, which makes operational decisions locally through two‐way negotiation in a market environment, is the most effective approach with distinct and clear advantages. This chapter focuses on the application of the transactive coordination method in the efficient charging management of a large population of EVs in future distribution networks. In this regard, first, an overview of the trends, opportunities, and challenges associated with the rapid proliferation of transportation electrification is provided, offering insights into the forthcoming distribution network challenges. This brings the light to introducing different demand‐side management approaches, aiming to clarify the advantages of transactive coordination models in addressing the trends and challenges of transportation electrification. Subsequently, worldwide examples of transactive coordination projects are presented, followed by a comprehensive explanation of the three‐step design of an efficient transactive market. This includes modeling the active participation of EVs in the transactive market, clarification of market‐clearing mechanisms, and modeling the network constraints. Finally, concluding remarks and future directions are offered to enclose the key takeaways from the chapter.


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    Title :

    Transactive Coordination Paradigm for Efficient Charging Management of Plug‐in Electric Vehicles in Future Distribution Networks




    Publication date :

    2025-02-26


    Size :

    17 pages




    Type of media :

    Article/Chapter (Book)


    Type of material :

    Electronic Resource


    Language :

    English




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