Publication:
Facilitating a Sustainable Electric Vehicle Transition through Consumer Utility Driven Pricing

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dc.conference.date2018, December
dc.conference.placeSan Francisco
dc.conference.title39th International Conference on Information Systems
dc.contributor.authorValogianni, Konstantina
dc.contributor.authorKetter, Wolfgang
dc.contributor.authorZhdanov, Dmitry
dc.contributor.authorCollins, John
dc.contributor.rorhttps://ror.org/02jjdwm75
dc.date.accessioned2024-11-12T16:02:34Z
dc.date.available2024-11-12T16:02:34Z
dc.date.issued2018-12
dc.description.abstractA transition to an electrified transportation system is widely assumed to be an important step along the road to environmental sustainability. However, large penetrations of electric vehicles (EVs) may put electricity grids under critical strain, since peaks in electricity demand are likely to increase radically. Efforts to manage demand peaks through pricing schemes may create new peaks at low-price periods, if large numbers of EV owners try to benefit from low prices. We propose a pricing method, called consumer utility driven pricing, which learns from EV owners’ reactions to sub-optimal prices and adjusts announced prices accordingly. We evaluate our results in simulations, where we find that consumer utility driven pricing outperforms current electricity pricing schemes. We test our method in matching both flat and extremely volatile demand profiles and we see that in both cases it performs closely to what it is theoretically possible under perfect information.
dc.description.peerreviewedno
dc.description.statusPublished
dc.formatapplication/pdf
dc.identifier.citationValogianni, Konstantina; Ketter, Wolfgang; Collins, John; and Zhdanov, Dmitry, "Facilitating a Sustainable Electric Vehicle Transition through Consumer Utility Driven Pricing" (2018). ICIS 2018 Proceedings. 5. https://aisel.aisnet.org/icis2018/green/Presentations/5
dc.identifier.officialurlhttps://aisel.aisnet.org/icis2018/green/Presentations/5/
dc.identifier.urihttps://hdl.handle.net/20.500.14417/3339
dc.language.isoen
dc.page.total17
dc.publisherInternational Conference on Information Systems (ICIS)
dc.relation.departmentInformation Systems & Technology
dc.relation.entityIE University
dc.relation.schoolIE Business School
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject.keywordElectric mobility
dc.subject.keywordPricing
dc.subject.keywordGreen IS
dc.subject.keywordSustainability
dc.subject.keywordSmart grid stability
dc.titleFacilitating a Sustainable Electric Vehicle Transition through Consumer Utility Driven Pricing
dc.typeinfo:eu-repo/semantics/conferenceObject
dc.version.typeAccepted
dspace.entity.typePublication
relation.isAuthorOfPublication176a05d2-7442-4e6e-a6da-dcf2f9063787
relation.isAuthorOfPublication.latestForDiscovery176a05d2-7442-4e6e-a6da-dcf2f9063787
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