The growing shift towards a Smart Grid involves integrating numerous new digital energy solutions into the energy ecosystems to address problems arising from the transition to carbon neutrality, particularly in linking the electricity and transportation sectors. Yet, this shift brings challenges due to mass electric vehicle adoption and the lack of methods to adequately assess various EV charging algorithms and their ecosystem impacts. This paper introduces a multi-agent based simulation model, validated through a case study of a Danish radial distribution network serving 126 households. The study reveals that traditional charging leads to grid overload by 2031 at 67% EV penetration, while decentralized strategies like Real-Time Pricing could cause overloads as early as 2028. The developed multi-agent based simulation demonstrates its ability to offer detailed, hourly analysis of future load profiles in distribution grids, and therefore, can be applied to other prospective scenarios in similar energy systems. Keywords: multi-agent based simulation, multi-agent systems, agent-based modeling, electric vehicle, charging strategies.

The introduction of smart meters has motivated the electricity industry to manage electrical demand, using dynamic pricing schemes such as real-time pricing. The overall aim of demand management is to minimize electricity generation and distribution costs while meeting the demands and preferences of consumers. However, rapidly scheduling consumption of large groups of households is a challenge. In this paper, we present a highly scalable approach to find the optimal consumption levels for households in an iterative and distributed manner. The complexity of this approach is independent of the number of households, which allows it to be applied to problems with large groups of households. Moreover, the intermediate results of this approach can be used by smart meters to schedule tasks with a simple randomized method.

Peak demand for electricity continues to surge around the world. The supply-demand imbalance manifests itself in many forms, from rolling brownouts in California to power cuts in India. It is often suggested that exposing consumers to real-time pricing, will incentivize them to change their usage and mitigate the problem - akin to increasing tolls at peak commute times. We show that risk-averse consumers of electricity react to price fluctuations by scaling back on their total demand, not just their peak demand, leading to the unintended consequence of an overall decrease in production/consumption and reduced economic efficiency. We propose a new scheme that allows homes to move their demands from peak hours in exchange for greater electricity consumption in non-peak hours - akin to how airlines incentivize a passenger to move from an over-booked flight in exchange for, say, two tickets in the future. We present a formal framework for the incentive model that is applicable to different forms of the electricity market. We show that our scheme not only enables increased consumption and consumer social welfare but also allows the distribution company to increase profits. This is achieved by allowing load to be shifted while insulating consumers from real-time price fluctuations. This win-win is important if these methods are to be embraced in practice.