A team of researchers at Southampton University, in England, has proposed a new charging solution which addresses the question of energy capacity management. The popularization of electric vehicles brings with it a massive, capacity-straining, demand on electricity companies and power networks as large numbers of people all attempt to charge their vehicles at the same time.  The team of researchers, led by Alex Rogers, has developed a system wherein drivers would simply plug their cars in and tell a computer when they need the vehicle recharged by and the approximate length of their next trip.  These computers would then bid for the necessary electricity in a sealed-bid auction which would employ a sophisticated algorithm designed to provide the driver with the most cost effective charge possible while also ensuring that the electricity network is not overloaded.

Read More:
An article on the Economist's Babbage blog
Read the paper published by the researchers (pdf)

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