Profit Maximization for EVSEs-based Solar Energy in Smart Cities

This paper proposes a profit maximization model for a Decentralized Electric Vehicle Supply Equipment (DEVSE) equipped with a Photovoltaic system. We acknowledge a power connection to the central power grid when necessary. We design a Decentralized Profit Maximization Algorithm (DPMA) to help D-EVSEs take profits from the electricity price variation during the day when selling electricity to EVs or buying it from the grid. Finally, numerical simulations with MATLAB are conducted to prove the effectiveness of our proposed solution.