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Article

Coordinated Optimization of Multi-EVCS Participation in P2P Energy Sharing and Joint Frequency Regulation Based on Asymmetric Nash Bargaining

School of Electrical Engineering, Xinjiang University, Urumqi 830017, China
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Author to whom correspondence should be addressed.
Energies 2026, 19(5), 1269; https://doi.org/10.3390/en19051269
Submission received: 15 January 2026 / Revised: 22 February 2026 / Accepted: 28 February 2026 / Published: 3 March 2026
(This article belongs to the Special Issue Optimized Energy Management Technology for Electric Vehicle)

Abstract

To address the challenges of insufficient frequency regulation capability of individual stations, poor collaborative economic performance, and unfair benefit allocation caused by fluctuations in photovoltaic (PV) output and variations in electric vehicle (EV) connectivity during vehicle-to-grid (V2G) interactions under high-penetration PV integration, this paper proposes a coordinated optimal operation strategy for peer-to-peer (P2P) energy sharing and joint frequency regulation among multiple electric vehicle charging stations (EVCSs). First, a collaborative framework for P2P energy sharing and joint frequency regulation among EVCSs is constructed to describe the operational mechanism of inter-station energy mutual support and coordinated response to frequency regulation signals. Subsequently, an aggregate model of the dispatchable potential for EV clusters within each station is established based on Minkowski Summation (M-sum), characterizing the charging and discharging power boundaries and frequency regulation potential of the EV clusters. Meanwhile, distributionally robust chance constraints (DRCC) based on the Kullback–Leibler (KL) divergence are introduced to handle the uncertainty of PV power generation within the EVCS. On this basis, a dynamic frequency regulation output model for EV clusters and a multi-station P2P energy sharing model are designed, with the optimization objective of minimizing the total operating cost. Finally, to quantify the differential contributions of each EVCS in the collaborative operation, an asymmetric Nash bargaining benefit allocation mechanism is proposed, which incorporates a comprehensive contribution index considering both energy sharing and joint frequency regulation, The model is solved in a distributed manner using the alternating direction method of multipliers (ADMM). Simulation results demonstrate that, compared to non-cooperative operation, the frequency regulation completeness rates of the EVCSs after cooperation increase by 5.7%, 5.2%, and 4.4%, respectively; meanwhile, the total operating cost drops from CNY 16,187.61 under non-cooperative operation to CNY 15,997.47, achieving a reduction of 1.18%. The proposed strategy not only meets grid frequency regulation demands but also enhances the economic efficiency of multi-station collaborative operation and the fairness of benefit distribution.

1. Introduction

To address global climate change and energy scarcity, energy conservation and emission reduction are common global goals [1]. In 2023, China proposed the “dual carbon” targets. Against this backdrop, the rapid proliferation of electric vehicles (EV) [2] has positioned electric vehicle charging stations (EVCSs) as a critical nexus between transportation and power systems [3,4]. They have become essential flexible regulation resources in the future new power system. By supplying electricity generated from on-site distributed photovoltaic (PV) power to other EVCSs, EVCSs can reduce operational costs while aggregating internal EV clusters to interact with the grid as a unified entity [5]. Therefore, researching coordinated operation mechanisms for multiple charging stations in scenarios with high PV penetration is crucial for enhancing the operational efficiency of EVCSs and the grid’s ancillary service support capabilities.
Early research on the optimal operation of EVCSs primarily focused on energy management and the scheduling of charging and discharging behaviors. References [6,7,8] present multi-objective scheduling or optimization frameworks for EVCSs, integrating wind power and energy storage, or carbon emission mechanisms and dynamic economic dispatch to enhance station revenue. To enhance the coordinated operation capabilities between EVCS and distribution grids, some studies further integrate EVCS into unified dispatch. Reference [9] proposes a coordinated operation method for EVCSs and distribution networks considering integrated energy and reserve regulation. References [10,11,12] focus on interactive energy management or real-time coordination between EVCSs and distribution systems or PV generation, utilizing methods such as game theory, deep reinforcement learning, and coordinated charging and discharging scheduling to reduce operational costs and grid dependency. Additionally, some studies have begun to focus on the coordination and transactions between EVCS and integrated energy systems (IES) or among multiple EVCSs. References [13,14] investigate coordinated operation or energy trading models between EVCS and IES to balance their interests. References [15,16] develop coordination frameworks or strategies for multiple EVCSs (including fast-charging stations), addressing uncertainty or enabling power-sharing and vehicle scheduling. Reference [17] proposes a hierarchical peer-to-peer (P2P) trading framework to reduce operating costs while ensuring privacy. References [18,19] establish a coordinated optimization model for EVCS and distributed generation resources, aiming to reduce total social cost. Reference [20] proposes a mathematical model of tri-level hierarchical coordinated control and a multi-layer optimization framework, aiming to find a method to effectively manage and control large-scale electric vehicle charging behavior, so as to ensure the safe and stable operation of the power system and optimize resource allocation. Aforementioned study research indicates that EVCS positively contribute to enhancing system flexibility and operational economics. However, existing studies have primarily focused on vehicle to station or station to grid interactions, with insufficient attention given to inter-station coordination. The mechanisms underlying the cooperative operation of multiple EVCSs thus warrant further investigation.
Furthermore, the uncertainty of PV output within EVCSs imposes higher demands on the reliability of system scheduling strategies. Currently, commonly used methods for handling uncertainty include robust optimization [21] and stochastic optimization [22]. However, the former is overly conservative, while the latter is more sensitive to assumptions about probability distributions and sample quality. The distributionally robust chance-constrained (DRCC) algorithm [23,24,25] has become an effective approach to overcome the shortcomings of robust optimization and stochastic optimization in dealing with uncertainties [26]. DRCC primarily employs ambiguity sets constructed based on either the Wasserstein distance [27,28] or the Kullback–Leibler (KL) divergence [29] metric, allowing constraint violations to occur with a controlled probability under a predefined confidence level. Reference [30] employs a DRCC approach to handle uncertainties in PV output and load. Reference [31] constructs a DRCC model based on the Wasserstein probability distance. However, research on further embedding DRCC into collaborative decision-making for P2P energy sharing and joint frequency regulation remains relatively limited.
A critical aspect of multi-agent coordinated operation lies in the allocation of cooperative benefits. Nash bargaining is widely used to reconcile the interests of multiple stakeholders, whereas asymmetric Nash bargaining can capture heterogeneity in participants’ contributions and bargaining power by introducing differentiated weights. In [32], asymmetric Nash bargaining is adopted to design an incentive compensation scheme for EV participation in resilient distribution system restoration, where the amount of restored load is used as a contribution indicator. In the context of P2P energy trading, References [33,34] introduce asymmetric Nash bargaining to enable fair allocation of cooperative surplus among participants and develop cooperative game theoretic mechanisms for energy trading and coordinated charging among multiple EVCSs, thereby enhancing system economics and reducing user costs. Reference [35] proposes a decentralized incentive mechanism based on aggregative game theory, aiming to cost-effectively unlock the regulation potential of large-scale electric vehicles, enabling them to actively provide frequency regulation services for the grid. Overall, existing bargaining-based mechanisms are mostly tailored to single application settings, such as incentives, planning, or energy trading, while studies on multi-dimensional contribution quantification and benefit allocation for coupled P2P energy sharing and joint frequency regulation remain limited.
Despite the progress made in the cooperative optimal operation of EVCSs, deficiencies remain in terms of coordination scope, handling of intra-station PV output uncertainty, and benefit allocation. Regarding the coordination scope, existing studies primarily focus on internal energy management or vehicle-to-station interactions, while research on P2P energy sharing and joint frequency regulation among multiple EVCSs is rarely explored. Concerning the handling of PV output uncertainty, existing research seldom considers the uncertainty of intra-station PV generation, which leads to a decline in the risk-resistance capability of EVCSs. In terms of benefit allocation, existing mechanisms mostly rely on standard Nash bargaining or a single-dimensional allocation based solely on energy trading, lacking an asymmetric Nash bargaining benefit allocation mechanism that accounts for the multi-dimensional differentiated contributions of both energy sharing and joint frequency regulation.
The core problem addressed in this paper is the optimal day-ahead coordinated scheduling of multiple EVCSs participating in both P2P energy sharing and joint frequency regulation. Specifically, this scheduling aims to minimize the overall system cost while preserving individual station privacy and ensuring operational robustness against the uncertainty of PV generation. Within the scope of this research, this paper focus exclusively on EVCS-level economic dispatch based on a distributionally robust optimization and ADMM framework.
Given the above problems, this paper aims to establish a novel multi-EVCS cooperative framework, guided by three measurable objectives. Specifically, the economic objective aims to minimize the total day-ahead operational cost of the multi-EVCS coalition via P2P energy sharing. Furthermore, the robustness objective seeks to tightly control the risk of operational constraint violations caused by PV uncertainty within a predefined probability threshold via DRCC, thereby ensuring reliable regulation capabilities. Finally, the fairness objective is designed to equitably distribute the cooperative surplus by comprehensively quantifying the multi-dimensional contributions of each EVCS. The main contributions of this paper are threefold:
  • A collaborative framework for P2P energy sharing and joint frequency regulation among EVCSs is established, and the Minkowski Summation (M-sum) aggregation model is employed to accurately characterize the dispatchable potential and power boundaries of EV clusters.
  • The distributionally robust chance constraint (DRCC) method based on Kullback–Leibler (KL) divergence is introduced into the coordinated scheduling model, which reliably handles the uncertainty of photovoltaic power generation and balances operational economy without assuming an exact probability distribution.
  • An asymmetric Nash bargaining benefit allocation mechanism based on multi-dimensional contributions is proposed. This mechanism quantifies the differentiated contributions in energy trading and frequency regulation accuracy using a nonlinear mapping function, and achieves a privacy-preserving distributed solution via the alternating direction method of multipliers (ADMM).

2. Framework for Energy Sharing and Joint Frequency Regulation Among Multiple EV Charging Stations

The multi-EVCS joint operation mode constructed in this paper is illustrated in Figure 1. Each EVCS aggregates distributed EVs into a generalized energy storage unit with autonomous regulation capability. Each station prioritizes the use of local PV output to charge its onsite EVs. When PV generation exceeds local demand, the surplus power is first shared with other EVCSs within the coalition. In other words, stations with PV surplus sell electricity to stations with PV deficit, forming a mutual power exchange mode that balances surplus and shortage. Power is purchased from or sold to the main grid only when the coalition as a whole faces a net deficit or a net surplus. Throughout this process, each EVCS undertakes frequency regulation tasks. When the dispatch center issues a frequency regulation signal, stations that supply power can take more downward regulation tasks, while stations that receive power can appropriately increase upward regulation tasks.

3. EVCS Participation in Dynamic Frequency Modulation Optimization Model

3.1. Minkowski Sum-Based Aggregation Model for Electric Vehicles

Although the driving characteristics of EVCSs vary, their underlying charging models are highly similar. According to reference [36], this paper adopts the M-sum method to aggregate large-scale EV clusters into a generalized energy storage device. To address the nonconvex feasible region caused by the discrete charging and discharging states of individual EVs, the M-sum method relaxes the discrete constraints into continuous intervals and computes the geometric sum of their convex hulls, thereby constructing an accurate convex outer approximation of the aggregated flexibility of the EV cluster. This approach preserves the constraints of individual EVs while effectively overcoming computational difficulties. Moreover, in scenarios where EVs frequently connect to and disconnect from the grid, the aggregation model dynamically computes the geometric sum of the polyhedral constraints of all EVs currently connected to the station at each specific time step, thereby smoothing the power and energy boundaries at the aggregated EV cluster level.
The boundaries for the real-time energy and charging/discharging power of the k th EV connected to EVCSi are defined as follows:
0 p k , t ch p k , max ch 0 p k , t dis p k , max dis
S k , t = S k , t 1 + η ch P k , t ch Δ t P k , t dis Δ t η dis
S k min S k , t S k max
In the equation: p k , t ch and p k , t dis represent the charging and discharging power of the k -th EV during time period t , respectively; p k , max ch and p k , max dis represent the maximum charging and discharging power of the k -th EV, respectively; S k , t and S k , t 1 represent the battery capacity of the k -th EV during time period t and t 1 , respectively; η ch and η dis represent the charging and discharging efficiency of the EV, respectively; Δ t denotes the adjustment time window; S k max represents the upper bound of the SOC for the k -th EV; S k min represents the lower bound of the SOC for the k -th EV.
The parking state of an EV is defined as follows:
X k , t = 0           t [ T k enter , T k leave ] 1           t [ T k enter , T k leave ]
In the equation: X k , t represents the state of the k-th EV at time t , where X k , t = 0 indicates the EV is in off-grid mode and X k , t = 1 indicates the EV is in grid-connected mode; T k enter denotes the start time of charging for the k -th EV; T k leave denotes the end time of charging for the k -th EV.
The generalized energy storage parameters obtained based on the M-sum method are given by Equations (5)–(7). Among them, Equations (5)–(7) satisfy Minkowski additivity.
P i , t ch , max = n N k X k , t p k , max ch P i , t dis , max = n N k X k , t p k , max dis
S i , t min = n N k X k , t S i , k min S i , t max = n N k X k , t S i , k max
Δ S i , t = n N k X k , t ( X k , t X k , t 1 ) S k , 0 n N k X k 1 , t ( X k 1 , t X k , t ) S k , T
In the equation: P i , t ch , max and P i , t dis , max represent the maximum charging and discharging power of EVCSi during time period t, respectively; S i , t is the capacity of EVCS i at time period t; Δ S i , t denotes the instantaneous step-change in the capacity of a charging station caused by the arrival or departure of an electric vehicle; S i , t max and S i , t min represent the capacity bounds of EVCSi at time period t, respectively; N k is the set of EVs at the charging station. It is worth noting that the dynamic arrivals and departures of EVs described in Equation (7) are essentially a time-varying linear combination of feasible solution sets. Although the physical state of an individual EV may involve discrete characteristics, under the M-sum aggregation framework, the individual flexibility is relaxed into a continuous convex interval. According to convex analysis theory, the M-sum of a finite number of convex sets remains convex. Consequently, the aggregated boundary at any time instant consistently forms a compact convex polytope [37]. This outer convex approximation property ensures the continuity of the P2P optimization problem and the convergence of the ADMM solution process see Appendix A for the mathematical proof.
At this point, the variable space of the EV cluster within the charging station is compressed into the variable space of the station’s generalized energy storage device. The aggregated strategy space constraints for the EV cluster are given by the following expression:
0 P i , t ch P i , t ch , max 0 P i , t dis P i , t dis , max S i , t = S i , t 1 + Δ S i , t + η ch P i , t ch Δ t P i , t dis Δ t / η dis S i , t min S i , t S i , t max
In the equation: P i , t ch and P i , t dis represent the charging and discharging power of EVCSi during time period t, respectively.

3.2. Dynamic Frequency Modulation Power Output Modeling for EV Clusters

In this paper, P i , t ch > 0 denotes electricity consumption from the grid (EV charging). P i , t dis > 0 denotes power injected into the grid (V2G operation).
Positive frequency regulation power represents upward regulation, meaning an increase in power injection (or reduction in consumption) in response to system frequency; Negative frequency regulation power represents downward regulation, meaning increased consumption (or reduced injection).
In the paper, the unit for power variables is kW; the PV installed capacity, downward capacity and upward capacity are kW; the energy variables (including SOC, supplied energy, received energy and frequency regulation imbalance) is kW·h; the unit of electricity price and trading price are CNY/kW·h.
To ensure the safe and reliable operation of EV batteries during V2G interactions, the baseline charging model strictly enforces SOC dynamics and operational boundaries. Specifically, the SOC evolution over time is determined by the continuous integration of charging and discharging power, properly accounting for the corresponding energy conversion efficiencies. At any given time step, the SOC must be maintained within predefined upper and lower battery capacity limits to prevent overcharging or deep discharging. Furthermore, the instantaneous charging and discharging powers are bounded by the physical limits of the EV chargers, and simultaneous charging and discharging states are strictly prohibited. Finally, a target SOC constraint is strictly enforced at the expected departure time to guarantee that the EV battery stores sufficient energy to meet the user’s subsequent driving requirements.
Prior to participating in frequency regulation, a charging schedule is formulated for each individual electric vehicle. This paper adopts, as the baseline scheme, the approach of minimizing charging cost while ensuring the required state of charge at departure. The corresponding optimization model is presented below.
min t = 1 T π t P i , t c h
s . t .   Equation   ( 4 ) Equation   ( 8 ) P i , t ch , base = P i , t ch P i , t dis = 0 S O C i , t dep S O C i , t req
In the equation: P i , t ch , base denotes the baseline charging schedule; π t denotes the time-of-use electricity price; S O C i , t dep denotes the state of charge at departure; S O C i , t req denotes the required SOC.
It should be noted that the joint frequency regulation problem studied in this paper focuses on power allocation. In the model, f i , t represents the system’s frequency regulation power demand for each station. Since this paper focuses on the coordination mechanism for energy sharing and frequency regulation tasks among multiple sites, the physical processes of the grid’s real time dynamic frequency response, such as frequency deviation and rate of change of frequency ROCOF, are temporarily not included in the modeling scope of this analysis.
After establishing the baseline charging schedule, the equality constraints of Equation (10) are no longer strictly satisfied. The EVCS will regulate the charging and discharging status of the on-site EV cluster in response to grid frequency regulation commands. When the EVCS receives a negative grid frequency regulation command, it adjusts the cluster’s charging power above the baseline charging power to provide upward power output support to the grid, corresponding to the t + 2 time period in Figure 2. The relevant calculation is shown in Equation (11). When receiving a positive grid frequency regulation command, the EVCS guides the EV cluster to provide downward power output through two approaches one involves switching to discharge mode, where the EV cluster transitions from charging load state to discharging power to the grid, corresponding to the t time period in Figure 2; the other maintains the charging state unchanged while only reducing the charging power below the baseline charging plan, corresponding to the t + 3 time period in Figure 2, as detailed in Equation (12).
P i , t up = [ P i , t ch P i , t ch , base ] φ i , t ch
P i , t down = [ P i , t ch , base + P i , t dis ] φ i , t dis + [ P i , t ch , base P i , t ch ] φ i , t ch
In the equation: P i , t up and P i , t down represent the up-regulation output and down-regulation output, respectively, of the EV cluster within EVCSi; φ i , t ch and φ i , t dis represent the equivalent charging status and discharging status, respectively, of the EV cluster within EVCSi, both of which are 0–1 variables. φ i , t ch = 1 indicates that the EV cluster in EVCSi is in charging state; φ i , t dis = 1 indicates that the cluster is in discharging state.
To accurately assess the frequency regulation potential of the aggregated EVCS, the upward and downward power outputs calculated from the above equation are used to determine the charging station’s upward capacity and downward capacity [38]. The proposed frequency regulation model characterizes the allocation and tracking of regulation power commands at the scheduling level, rather than detailed system frequency dynamics such as inertia or droop control.
r i , t up = P i , t ch , max P i , t ch , base r i , t down = P i , t ch , base + P i , t dis , max
In the equation: r i , t up and r i , t down represent the upward capacity and downward capacity.

3.3. Consideration of the PV Power Output Model Within DRCC Charging Stations

The photovoltaic output within an EVCS often exhibits strong uncertainty. To describe the uncertainty of photovoltaic output, the photovoltaic output at time period t is defined as:
P i , t PV = P ^ i , t pv + ξ i , t pv
In the equation: P i , t PV is the actual PV output of the EVCS i at time t; P ^ i , t pv is the forecasted PV output of the EVCS i at time t; ξ i , t pv is the forecast error of the PV output of the EVCS i at time t.
To ensure the feasibility of the scheduling plan, it is required that the planned photovoltaic output does not exceed the actual available output at a confidence level 1 β , thereby obtaining the chance constraint:
Ω = P i , t pv P ^ i , t pv + ξ i , t pv 1 β
In the equation: 1 β is the confidence level.
However, Equation (14a) relies on the true distribution of the prediction error ξ i , t pv , which is often unknown in practice. DRCC do not require assuming a true distribution for the random variable. Instead, they allow for the construction of an ambiguity set D, which contains the true distribution, based on a finite set of historical data samples. This is achieved by enforcing that the chance constraint holds for every distribution within the ambiguity set.
In this paper, the KL divergence is employed to measure the distance between two different probability distributions, based on which an ambiguity set is constructed. Given S historical data samples, an empirical distribution P ^ i , t , 1 pv , P ^ i , t , 2 pv , , P ^ i , t , S pv is constructed as the reference distribution (typically denoted as P ˜ m = 1 S ), and the KL divergence is used to quantify the distance between the actual distribution P and the reference distribution P ^ . For the actual distribution P = ( P 1 ,   P 2 ,   P S ) and the reference distribution P ˜ = ( P ˜ 1 ,   ,   P ˜ S ) , the KL divergence is defined as:
D KL ( P | | P ˜ ) = m = 1 S P m ln P m P ˜ m
In the equation: S denotes the number of uncertain variable samples; P m and P ˜ m represent the probabilities of the actual distribution P and the reference distribution P ˜ at sample m , respectively.
Based on the KL divergence, the ambiguity set D and divergence radius [39] are defined as follows:
D = P | D KL ( P | | P ˜ ) d d = 1 2 S x m 1 , α * 2
In the equation: D denotes the ambiguity set; d denotes the divergence radius, which is the similarity threshold between the reference distribution and the actual probability distribution. A larger value of d enhances the robustness of the model but leads to more conservative optimization strategies. x m 1 , α * 2 denotes the upper quantile of the chi-square distribution with m 1 degrees of freedom, which ensures, with a probability not exceeding α * , that the actual distribution is contained in the ambiguity set D. The DRCC is given by:
inf P D P i , t pv P ^ i , t pv + ξ i , t pv 1 β
The optimization problem in Equation (17a) involves finding the worst-case probability distribution over the ambiguity set, which is non-convex and computationally intractable. Therefore, to obtain a solvable formulation, binary variables q m , t and auxiliary dual indicators υ t and z m , t are introduced for linearization. The mixed-integer linear programming formulation is as follows:
max p _ t PV t = 1 T P _ i , t pv s . t .   β S υ t m = 1 S z m , t d S P _ i , t pv + P ^ i , m , t pv + M q m , t υ t z m , t M ( 1 q m , t ) υ t z m , t q m , t 0 , 1 , z m , t 0
In the equation: S denotes the number of PV output samples; P _ i , t pv denotes the minimum available PV output under the worst-case scenario; P ^ i , m , t pv denotes the PV output of the m-th historical sample for the robust lower bound of PV output; M is a sufficiently large positive number used to tighten the constraints; υ t and z m , t are auxiliary variables introduced by the robust lower bound to determine the safety margin of PV output; q m , t 0 , 1 are violation indicator variables, where q m , t = 1 indicates that the m-th sample is allowed to violate the constraint (treated as an outlier or extreme case), and q m , t = 0 enforces the constraint; P _ i , t pv is the PV output under the worst-case scenario within the KL divergence ambiguity set D.
To ensure feasibility under the worst-case scenario, the Gurobi solver is used to solve Equation (17b) to obtain the lower bound P _ i , t pv of the stochastic PV output over the entire prediction horizon. The first inequality in Equation (17b) limits the total number of samples that violate the criterion based on the divergence radius. The divergence radius and the confidence level ensure the simplified constraint. After obtaining the robustly guaranteed photovoltaic output P _ i , t pv through Equation (17b), the model only needs to constrain the planned photovoltaic output in the scheduling to not exceed this robust value. Ultimately, the original chance constraint is treated as a linear inequality:
P i , t pv P _ i , t pv
Thus, under any distribution covered by the KL divergence ambiguity set D, the chance constraint corresponding to Equation (17a) holds with a confidence level 1 β .
The deterministic reformulation of the DRCC introduces auxiliary binary variables—rendering the original problem into a mixed-integer programming (MIP) formulation—the reformulated model possesses a standard algebraic structure. Consequently, it can be directly and efficiently solved using mature off-the-shelf commercial solvers (e.g., Gurobi, CPLEX). This exact solution method effectively avoids the limitations of traditional meta-heuristic algorithms regarding convergence and global search capabilities.

3.4. Peer-to-Peer Trading Model for Multi-Electric Vehicle Charging Stations

3.4.1. Objective Function

The objective function C i EVCS for EVCSi is formulated as minimizing the system’s comprehensive cost, which comprises the electricity purchase/sale cost with the main grid, the EV cluster discharge discomfort penalty cost, the penalty cost for any remaining frequency regulation power imbalance, and the cost of energy transactions with other EVCS, as follows:
min C i EVCS = C i gird + C i incov + C i nub + C i tran
In the equation: C i gird is the electricity purchase/sale cost between the EVCS and the main grid; C i incov is the discharge discomfort penalty cost of the EV cluster within the EVCS;   C i nub is the penalty cost for the remaining frequency regulation power imbalance at the EVCS; C i tran is the energy transaction cost between EVCSi and other charging stations.
C i gird = t = 1 T ( c t gird , b P i , t buy c t gird , s P i , t sell ) C i incov = μ t = 1 T ( P i , t dis / η dis η ch P i , t ch ) C i nub = δ t = 1 T ( P i , t unb , + + P i , t unb , ) C i tran = j ( N cs i ) t = 1 T c i j , t tran P i j , t tran
In the equation: P i , t buy and P i , t sell are the power purchase and sale, respectively, between EVCSi and the main grid at time t; c t gird , b and c t gird , s are the electricity purchase and sale prices, respectively, of the main gird at time t; μ is the discomfort cost coefficient for EV discharge, set at 0.3 CNY; P i , t unb , + and P i , t unb , are the positive and negative deviations, respectively, of the unfulfilled frequency regulation power at EVCSi at time t; δ is the unit penalty cost for unfulfilled frequency regulation power, set at 0.8 CNY/kW·h; j ( N cs i ) is the set of charging stations participating in energy trading, representing the indices of EVCS connected to station i; c i j , t tran and P i j , t tran are the energy trading price and the scheduled energy trading quantity, respectively, between EVCS i and EVCSj at time t.

3.4.2. Constraints of EV Charging Stations

  • Constraints on the Interaction between EVCS and the main gird
0 P i , t buy μ i , t gird P max gird 0 P i , t sell ( 1 μ i , t gird ) P max gird
In the equation: P max gird is the upper limit for the power interaction between the EVCS and the main grid; μ i , t gird is a binary purchasing status variable (0–1) for EVCSi at time t, indicating whether it purchases electricity from the main grid.
2.
Frequency Regulation Constraints for EV Charging Stations
P i , t unb , + = max ( f i , t + P i , t up P i , t down , 0 ) P i , t unb , - = min ( f i , t + P i , t up P i , t down , 0 )
In the equation: f i , t is the frequency regulation power demand dispatched to EVCSi, with the physical unit of kW.
3.
Operating Constraints of the EV Cluster
Constraints (4)–(8).
4.
Electricity Sharing Constraints between EVCS i and Other Stations
P i j , max tran P i j , t tran P i j , max tran c t gird , sell c i j , t tran c t gird , buy P i j , t tran + P j i , t tran = 0 c i j , t tran = c j i , t tran
In the equation: P i j , t tran is the upper limit for the power of electricity sharing between EVCSi and EVCSj.
5.
Power Balance Constraints for EV Charging Stations
P i , t buy P i , t sell + P i , t PV = P i , t ch P i , t dis + j ( N cs 1 ) P i j , t tran

4. Energy Sharing Model for EV Charging Stations Based on Asymmetric Nash Bargaining

4.1. Standard Nash Bargaining Model

The Nash bargaining model studied in this paper is a type of cooperative game [40]. It first maximizes the total benefits of the participating coalition, after which the individual participants negotiate with each other to distribute the cooperative surplus. The standard Nash bargaining model is given by Equation (25), where the solution to the Nash product maximization problem is the equilibrium solution to the Nash bargaining game.
max i N CS ( U i U i 0 ) s . t .   U i U i 0
In the equation: U i denotes the payoff to EVCSi after participating in the cooperative game, represented by U i = C i EVCS ; U i 0 denotes the payoff to EVCSi when acting independently outside the cooperative framework, i.e., its disagreement point.
Since Equation (25) in the model is a non-convex and nonlinear problem with multiple coupled variables, it is decomposed into two sequentially solvable subproblems: the charging station coalition cost minimization subproblem P1 and the profit allocation subproblem P2. The core reason this model can effectively utilize the ADMM algorithm lies in the decoupled architecture of the variables. Although the reformulation of the DRCC introduces integer variables into the model, these integer variables exist exclusively within the local subproblems of each EVCS to handle local uncertainty constraints. At the distributed coordination level of ADMM, the global coupling variables exchanged among the stations (e.g., P2P energy interactions and frequency regulation power allocations) are strictly continuous variables. During the actual solving process, the local subproblems containing integer variables are optimized exactly using commercial solvers, and their results and boundaries are subsequently integrated into the ADMM framework for the consensus updating of continuous variables. This architecture ensures the numerical stability and favorable convergence performance of the ADMM iteration process. The verification of separability for ADMM is provided in Appendix B.1 of Appendix B, and the verification of convexity and convergence conditions is provided in Appendix B.2 of Appendix B.

4.2. Solving the EVCS Coalition Cost Minimization Subproblem (P1)

Maximizing the total payoff of the EVCS coalition is equivalent to minimizing its total cost. The cost savings obtained from solving this problem constitute the cooperative surplus. The total cost is the sum of the individual costs of each EVCS. Based on the Nash bargaining theory, the cooperative energy sharing model for EVCSs is formulated as follows:
min i N CS C ^ i EVCS s . t .   ( 4 8 ) , ( 11 12 ) , ( 21 24 ) C ^ i EVCS = C i grid + C i inconv + C i unb
Given that Equation (26) exhibits decomposability, and to preserve the privacy among individual EVCSs, the ADMM is adopted to solve subproblem P1 in a distributed manner. The detailed steps of the algorithm are as follows:
(1)
Construct the augmented Lagrange function for each EVCS;
𝕃 i P 1 = C ^ i EVCS + ρ P 1 2 j ( N cs i ) P i j tran + P j t tran 2 2 + j ( N cs i ) t = 1 T λ i j , t P 1 ( P i j , t tran + P j i , t tran )
In the equation: λ i j , t P 1 is the Lagrange multiplier corresponding to the power trading coupling constraint between EVCSi and EVCSj; ρ P 1 is the penalty coefficient.
(2)
Each EV updates its own trading power strategy through local computation, with only the transacted power information being exchanged among charging stations. For simplicity, let l denote the current iteration number. In each iteration, every EVCS performs the following steps:
The EVCSi updates its trading power P i j , t tran ( l ) :
P i j , t tran ( l + 1 ) = arg min 𝕃 i P 1 ( λ i j , t P 1 l , P j i , t tran ( l ) )
Upon receiving the latest trading power P i j , t tran ( l + 1 ) from EVCSi, every other charging station j updates its own trading power decision:
P j i , t tran ( l + 1 ) = arg min 𝕃 j P 1 ( λ i j , t P 1 l , P i j , t tran ( l + 1 ) )
(3)
After each EVCS has updated its respective trading power strategy, update the Lagrange multiplier:
λ i j , t P 1 ( l + 1 ) = λ i j , t P 1 ( l ) + ρ P 1 ( P i j , t tran ( l + 1 ) + P j i , t tran ( l + 1 ) )
(4)
Update the iteration count, l = l + 1
(5)
Check for algorithm convergence:
j ( N cs i ) P i j tran + P j i tran 2 δ P 1
If Equation (31) holds, the algorithm is considered converged; otherwise, return to Step 2 to continue a new iteration.

4.3. Solving the Payoff Allocation Subproblem (P2) Based on Asymmetric Nash Bargaining

When participating in P2P energy sharing, each EVCS can reduce its reliance on the main grid. Both supplying and receiving power are regarded as contributions to the energy system. This paper assumes that supplying energy constitutes a considerably greater contribution than receiving an equivalent amount of power.
This paper employs a natural logarithm-based nonlinear function to quantify the contribution levels of different EVCSs in energy sharing and participation in grid frequency regulation. Charging stations negotiate with each other based on their respective contribution levels as bargaining power, thus determining the P2P energy trading prices among them.

4.3.1. Calculation of Power Trading Contribution Levels for Electric Vehicle Charging Stations

First, calculate the total amount of energy supplied E i supply and received E i receive by each electric vehicle charging station over the operational horizon when participating in the cooperative game:
E i supply = j N i t = 1 T max ( P i j , t tran , 0 )
E i receive = j N i t = 1 T min ( P i j , t tran , 0 )
Subsequently, a nonlinear energy mapping function, constructed based on an exponential function with the natural constant as its base, is employed to quantify the contribution level d i ele of each EVCS participating in energy sharing. The exponential mapping is employed as a normalization mechanism to reflect diminishing marginal contributions and to bound bargaining power. It is not derived from axiomatic utility theory, and alternative mappings could be adopted without affecting the feasibility of the proposed framework.
d i ele = e E i supply / E max supply e E i receive / E max receive
In the equation: E max supply is the maximum power supplied among the EVCSs; E max receive is the maximum power received among the EVCSs.

4.3.2. Calculation of Contribution Levels for Electric Vehicle Charging Stations in Frequency Regulation

First, calculate the total frequency regulation imbalance E i unb for each EVCS when participating in the cooperative game:
E i unb = t = 1 T ( P i , t unb , + + P i , t unb , - )
Subsequently, the nonlinear mapping function based on the natural constant exponential form is again employed to quantify the contribution level d i tp of each EVCS in frequency regulation:
d i tp = e E i unb / E max unb
In the equation: E max unb is the maximum frequency regulation imbalance among the EVCSs.

4.3.3. Solving the Asymmetric Nash Bargaining Benefit Allocation Model Integrating Power Trading and Frequency Regulation Contribution Levels

At this point, the overall contribution level of each electric vehicle charging station can be obtained by Equation (37):
d i = λ ele d i ele + λ tp d i tp
In the equation: λ ele and λ tp are the importance weights for power trading and frequency regulation services, respectively.
Finally, based on the bargaining power quantification model given by Equations (32)–(37), the optimal trading power obtained from subproblem P1 is substituted into subproblem P2, leading to the multi-station asymmetric bargaining benefit allocation model expressed as follows:
max i N CS ( C ^ i , 0 EVCS C ^ i EVCS + C i tran ) d i s . t .   C i j , t tran = C j i , t tran               C ^ i , 0 EVCS C ^ i EVCS + C i tran > 0
In the equation: C ^ i , 0 EVCS denotes the cost of the EVCS when operating independently outside the cooperative game.
Since the natural logarithm is a strictly monotonic increasing convex function, taking the logarithm of Equation (38) transforms the maximization problem into a minimization problem for computational convenience.
min i N CS d i ln ( C ^ i , 0 EVCS C ^ i EVCS + C i tran ) s . t .   C i j , t tran = C j i , t tran               C ^ i , 0 EVCS C ^ i EVCS + C i tran > 0
The resulting Equation (39) after transformation also exhibits decomposability, and can therefore be solved in a distributed manner following the ADMM algorithm described in Section 4.2. The flowchart of the ADMM algorithm is shown in Figure 3.

5. Case Study

5.1. Parameter Settings

This paper considers a fleet of 1000 EVs, comprising 400 private cars, 200 ride-hailing vehicles, and 400 commuter EVs, each with a battery capacity of 32 kW·h. Travel data are generated using Monte Carlo simulation and assigned to individual charging stations, as detailed in Table 1 and Table 2. Here, N denotes a normal distribution and U a uniform distribution. 5 typical PV output scenarios are constructed via Latin Hypercube Sampling combined with the synchronous back-reduction method. The worst-case lower bound of PV output obtained from a DRCC model is taken as the input for subsequent calculations; the corresponding results are presented in Figure 4a–c. The day-ahead frequency regulation demand power is shown in Figure 4d. The time-of-use electricity price of the grid is listed in Table 3.
In the proposed ADMM distributed framework, the solver parameters for the two subproblems are configured independently to accommodate their distinct mathematical characteristics and ensure computational efficiency. For Subproblem 1 (the EVCS Coalition Cost Minimization Subproblem (P1)), the penalty parameter is set to δ = 10 3 , with a convergence tolerance of ε = 10 1 and a maximum iteration limit of 20. For Subproblem 2 (the Payoff Allocation Subproblem (P2) Based on Asymmetric Nash Bargaining), the convergence tolerance is strictly set to ε = 10 3 , with a maximum iteration limit of 100. For the KL divergence-based DRCC, the number of PV generation scenarios is S = 5 , β = 0.7 , d = 1 .
In practice, key DRCC parameters are selected to balance robustness and economy. The sample size S is determined by historical data availability and computational limits. Instead of relying solely on theoretical bounds, the KL-divergence radius d is empirically calibrated. Specifically, d is scaled inversely with S and fine-tuned via a data-driven trade-off analysis, effectively preventing over-conservatism while strictly satisfying chance constraints.
This paper takes 24 h as a dispatching cycle and 1 h as a dispatching interval.
All numerical experiments are implemented in MATLAB R2025a, where the YALMIP toolbox is used to model the problem and the solvers, Gurobi, and MOSEK are employed to solve the problem.

5.2. Algorithm Convergence Analysis

5.2.1. Subproblem 1 (P1): Inter-Interaction Electricity Flow Among Electric Vehicle Charging Stations

This paper employs the ADMM algorithm to distribute the solution of the interactive power flow problem among EVCSs. The cost convergence over iterations for each entity is presented as shown in Figure 5. Assuming a convergence accuracy of 0.1 for P1, the figure indicates that the proposed method converges after 16 iterations. The average iteration costs for all entities begin to converge around the 5th iteration, with a total convergence duration of 6.81 s. The final convergence values for each EVCS and the coalition are CNY 7993.35, CNY 7153.78, CNY 850.34, and CNY 15,997.47, respectively.

5.2.2. Subproblem 2 (P2): Interactive Pricing Among EVCSs

Similarly, the ADMM algorithm is employed to distribute the solution for the interactive electricity pricing problem among EVCSs. Bargaining cost convergence over iterations for each entity is presented as shown in Figure 6. Assuming an algorithmic convergence accuracy of 0.001, the figure indicates that the proposed method converges after 70 iterations. The bargaining costs for each entity begin to converge on average around the 40th iteration, with a total computation time of 21.19 s, with final convergence values of CNY 3357.21, CNY 1847.49, CNY −5203.90, and CNY 0.80 for each EVCS and EVCS coalition, respectively.

5.3. Analysis of Electric Vehicle Frequency Regulation Capability

The dispatchable potential of EVCS1 is presented as shown in Figure 7; the dispatchable potentials of EVCS2 and EVCS3 are provided in Appendix C. Taking EVCS1 as an example, the dispatchable potential of the EVCS is analyzed, while those of the other two charging stations are not analyzed.
Before analyzing the specific regulation capabilities, it is essential to quantify the approximation error introduced by the M-sum aggregation method. As shown in Figure 7a,b, the feasible boundaries derived from the M-sum aggregation are compared with a detailed benchmark model that explicitly optimizes individual EVs. The comparison reveals that the M-sum model acts as an outer approximation, with its boundaries closely enveloping those of the detailed model. This behavior is consistent with the theoretical properties of M- sum. Quantitatively, the average relative error of the SOC boundaries over the dispatch period is approximately 2.65%, indicating a high degree of aggregation fidelity. Furthermore, the actual dispatch trajectories for SOC and power consistently remain strictly within the physical limits of the detailed model, confirming that the solution is physically feasible. Given the minimal error and significant reduction in computational complexity, the M-sum model is considered sufficiently accurate for the subsequent research.
Based on this validated model, Figure 7c presents the calculated regulation capacities. As shown in Figure 7, the adjustable potential of EVCS 1 is simultaneously constrained by the dual coupling of the SOC energy boundary and the charging/discharging power boundary. During nighttime, a large number of EVs connect to the grid and charge at high power, raising the SOC close to its upper limit. Under this condition, the downward capacity exceeds the upward capacity. For instance, at 14:00, the downward capacity reaches 1615.89 kW, while the upward capacity is only 817.60 kW. When the actual charging power approaches zero, the SOC remains at a relatively high level due to the constraint of the energy boundary, and the downward capacity still surpasses the upward capacity. The frequency regulation potential of the EV cluster is primarily limited by the upper charging power boundary in the early stage and by the SOC energy upper boundary in the later stage. Throughout the day, the maximum downward capacity is greater than the upward capacity. This indicates that EVCSs possess the potential to participate in frequency regulation ancillary services.

5.4. Analysis of Asymmetric Nash Bargaining Interaction Results Considering Integrated Contribution

The frequency regulation deviation results of the EVCSs are shown in Figure 8. Table 4 compares the frequency regulation completion rates before and after cooperation.
As shown in Figure 8, during midday hours with high volatility in PV output, the penalty curves for both upward and downward regulation are smoother and yield lower values under the cooperative scheme compared to the non-cooperative scenario. This improvement stems from the fact that, without cooperation, each EVCS could only rely on its own limited resources to respond to frequency regulation signals, often suffering from insufficient dispatchable potential. After forming a coalition, however, each EVCS pools its distributed EV regulation potential and PV output, creating an aggregated “flexibility resource pool” through sharing. This enables the optimal allocation of frequency regulation tasks. For instance, at 14:00, EVCS1 experienced high PV output but had inadequate upward regulation potential. At the same time, EVCS2 possessed abundant upward potential and thus assisted in absorbing this surplus power. According to Table 4, after implementing energy sharing among the charging stations, the frequency regulation completion rates for EVCS1, EVCS2, and EVCS3 increased by 5.7%, 5.2%, and 4.4%, respectively, compared to their performance in the independent operation mode. The results indicate that by establishing an internal interaction mechanism through Nash bargaining, the EVCSs share the reliable frequency regulation potential aggregated from their EVs. This facilitates spatiotemporal complementarity of resources and consequently enhances the accuracy of the EVCSs in tracking frequency regulation signals.

5.5. Analysis of Transaction Optimization Results

The power trading interactions among EVCSs are shown in Figure 9. Net energy flow is defined as the sum of grid power and P2P power, where positive values indicate net power injection into the grid and negative values indicate net consumption.
As shown in Figure 9, during the 1:00–7:00 period, the energy demand of each EVCS remained at low levels, with net energy flows fluctuating around zero and very limited internal power sharing among the stations. From 8:00–17:00, EVCS3 experienced power shortages, reaching a peak energy shortage at 14:00. To meet its supply demand, EVCS3 purchased a large amount of electricity from the coalition. During this period, EVCS1 had sufficient electricity and continuously supplied power to EVCS3. Meanwhile, EVCS2 shared its surplus power with EVCS3, while also purchasing electricity from EVCS1 between 12:00 and 14:00 to meet its own supply demand. During the 18:00–21:00 period, the energy flows of each EVCS fluctuated around zero, although some power transactions still occurred among the stations. At times of sharp fluctuations in frequency regulation demand, such as at 8:00 and 16:00, the EVCSs cooperatively allocated the aggregated resources to the station in greatest need, jointly satisfying the system’s frequency regulation signals. This effectively matched the spatiotemporal distribution of generation and load, thereby significantly enhancing the coalition’s onsite PV consumption and overall frequency regulation economic efficiency.
A comparison of energy sharing and combined frequency regulation contribution levels among the EVCSs is presented in Table 5.
As shown in Table 5, EVCS1 is the primary net power supplier within the coalition, while also exhibiting the smallest frequency regulation deviation. This confirms that EVCS1 not only contributes substantially to maintaining energy balance but also holds significant value in providing high-accuracy, fast-response frequency regulation ancillary services. EVCS2 ranks second in overall contribution level; its high energy contribution stems from its capability to supply power, yet its frequency regulation contribution is constrained mainly by its relatively large regulation deviation, resulting in a more limited role in regulation services. EVCS3, being a net energy consumer and having a larger output deviation in frequency regulation, shows the lowest overall contribution level. This situation directly reflects the respective bargaining power of each member within the cooperation.
The optimal power operational strategy for each individual EVCS is shown in Figure 10.
Taking EVCS1 as an example for analysis, as shown in Figure 10, the PV output of this charging station is primarily concentrated during the 8:00–17:00 period, while the electric vehicle charging load exhibits distinct scattered peaks, mainly occurring at 8:00–9:00, 13:00, 15:00–16:00, and during the late-night hours of 23:00–24:00. During periods when the PV output cannot fully meet the EV charging demand, the EVCS prioritizes purchasing power from the grid to ensure that vehicle charging needs are satisfied. When PV output is abundant, in addition to fulfilling the station’s own load requirements, the surplus power is traded with other EV charging stations through electricity sharing, thereby further increasing revenue and reducing overall operational costs. Furthermore, during the 1:00 and 3:00 intervals, owing to the presence of a power surplus, the station opts to sell the excess electricity to the grid to obtain additional income. Through the flexible switching of multiple operational modes, the dispatch strategy of EVCS1 not only makes effective use of PV resources but also achieves more economical operation via internal energy interactions within the coalition.
The trading prices after asymmetric Nash bargaining shown in Figure 11.
As shown in Figure 11, across all intervals, the internal trading prices consistently fall within the boundaries defined by the grid electricity selling price and the grid purchase price. Therefore, each EVCS can sell electricity when the grid electricity purchasing price is high and buy electricity when the grid electricity selling price is low. On this basis, engaging in P2P electricity trading can enhance the revenues of individual EVCSs within the coalition, thereby achieving the goal of minimizing total operating costs.

5.6. Transaction Benefits and Costs Analysis

The cost differences for each EVCS before and after participation in P2P energy trading are presented in Table 6.
As shown in Table 6, the operating costs of all EVCS are lower than those under standalone operation. Throughout the trading process, EVCS1 and EVCS2 increased their gains by supplying power to EVCS3, while EVCS3 incurred higher costs due to purchasing power from the other two stations. Compared with standalone operation, the cooperative operation among the EVCSs raised their respective gains by CNY 96.45, CNY 79.29, and CNY 15.18. These increased gains account for approximately 50.5%, 41.5%, and 8% of the total cooperative gains, respectively, verifying that the model can effectively enhance the economic performance of EVCSs.
To justify the selection of the exponential mapping function in the asymmetric Nash bargaining model, a comparative sensitivity analysis is conducted against the linear and logarithmic mapping schemes, as shown in Table 7.
As illustrated in Table 7, logarithmic mapping tends to equalize the benefit allocation, leading to a lack of sufficient differentiation among stations with varying contribution levels. While linear mapping facilitates proportional distribution, it fails to provide robust incentive signals for high-performing stations. In contrast, the exponential mapping adopted in this paper significantly amplifies the allocation proportion for high-contributing stations (e.g., EVCS1), effectively widening the disparity between participants. The results demonstrate that the exponential mapping approach establishes a more efficient allocation mechanism, incentivizing EVCSs to enhance their frequency regulation precision and commitment to P2P energy sharing.
To further examine the fairness and incentive properties of the proposed cooperative strategy, a sensitivity analysis is conducted on the relative weights assigned to frequency regulation contribution and energy sharing contribution in the bargaining-based profit allocation mechanism. The impact of contribution weights on profit allocation is shown in Table 8.
As shown in Table 8, when d i is low (energy-weighted allocation), EVCSs with strong charging demand flexibility benefit more. When d i is high (regulation-weighted allocation), stations providing upward/downward reserve gain a larger share.
The sensitivity analysis demonstrates that although the contribution weight does not affect the system-level optimization results, it plays a crucial incentive steering role. Specifically, increasing the contribution weight effectively encourages individual EVCSs to enhance their frequency regulation capabilities. However, excessively high or low d i values may create distribution imbalance. Moderate weighting (0.4 ≤ d i ≤ 0.6) achieves a balanced distribution while preserving cooperation stability.
Consequently, the adjustable contribution weight provides operational flexibility: System operators can emphasize reliability (higher d i ), whereas energy sharing alliances may emphasize mutual load balancing (lower d i ). This demonstrates that the proposed bargaining framework is not only fair but also adaptable to different market priorities.

5.7. Comparative Analysis of Different Bargaining Models

To validate the effectiveness of the proposed asymmetric Nash bargaining method, different bargaining models are compared and analyzed: Scheme 1: the conventional Nash bargaining model; Scheme 2: considering only the frequency regulation contribution level; Scheme 3: considering only the energy contribution level; and Scheme 4: the proposed asymmetric Nash bargaining model that integrates both frequency regulation and energy contribution levels. The comparative results are presented in Table 9.
As shown in Table 9, Scheme 1 employs the conventional Nash bargaining model, which overlooks the differentiated contributions of members in energy support and frequency regulation services. Consequently, EVCS1, the member with the highest contribution level, achieves a gain of only CNY 72.66, failing to reflect its value in frequency regulation support. This effectively transfers part of its deserved revenue to EVCS3, which has a lower contribution level. Such an incentive imbalance not only weakens the motivation for key members to improve service quality but also undermines the sustainability of the coalition. Although Schemes 2 and 3 introduce some focus in the allocation, they still exhibit limitations: Scheme 2 distributes revenue solely based on the frequency regulation contribution level, which benefits EVCS1 significantly but neglects EVCS2’s contribution to energy sharing; Scheme 3 considers only the energy contribution level, substantially compressing EVCS3’s gain. Both schemes rely on a one-sided evaluation of contribution levels and therefore cannot capture the comprehensive value provided by each member. Scheme 4, by incorporating the overall contribution level, achieves a balanced valuation of both energy and frequency regulation services. This mechanism ensures that revenue allocation strictly corresponds to actual contributions: the gain of EVCS1, the member with the largest contribution, is duly safeguarded; EVCS2’s gain increases by 42.8% compared to Schemes 2 and 3, while EVCS3’s gain rises by 18.9% relative to those schemes. The simulation results demonstrate that members who provide greater flexibility and superior service quality to the coalition receive commensurate economic returns, thereby ensuring the long-term stability and efficient coordinated operation of the coalition.
To further validate the necessity and effectiveness of the proposed bargaining mechanism, a comparison is conducted under two scenarios with and without the bargaining mechanism, and the results are shown in Table 10. In this scenario, cooperative energy sharing is maintained, but the Nash bargaining-based benefit allocation mechanism is removed. Instead, revenue is allocated proportionally based on energy contribution.
As shown in Table 10, the system-level total cost under the bargaining mechanism remains close to the fully cooperative model. However, without bargaining, individual profits become unevenly distributed, reducing economic incentives for smaller EVCSs and weakening long-term cooperation stability. This demonstrates that the bargaining mechanism primarily enhances fairness and incentive compatibility rather than total system efficiency.

5.8. Uncertainty-Based Optimization Analysis

5.8.1. Parameter Sensitivity Analysis

To verify the impact of photovoltaic output uncertainty within EVCSs on the coalition-wide performance, a parameter sensitivity analysis is conducted by varying the DRCC parameters.
As shown in Figure 12, with the decrease in the confidence level, the chance constraints become less stringent in meeting the power balance and frequency regulation requirements of the PV charging stations, thereby reducing the conservatism of the dispatch decisions and correspondingly lowering the total operating cost of the coalition. Additionally, the total operating cost decreases as the ambiguity radius (divergence tolerance) is reduced. This is because a smaller divergence tolerance indicates a more compact distributional set for the uncertain photovoltaic output variable, making the worst-case scenario considered closer to the empirical distribution and thus reducing the conservatism of the DRCC model. Simulation results show that when the confidence level drops from 85% to 70%, the operating cost under the same divergence tolerance decreases significantly; while under the same confidence level, the cost increases as the divergence tolerance grows. For example, at a 70% confidence level, the cost rises by approximately 20.34% when the divergence tolerance increases from 0.1 to 0.7.

5.8.2. Comparative Analysis of Uncertainty Optimization Methods

To verify the effectiveness of the proposed DRCC model based on KL divergence, a comparative study is conducted with SO and RO. As indicated in Table 11, SO, which makes decisions based on expected scenarios, achieves the lowest cost. However, this approach neglects the default risk associated with actual photovoltaic power fluctuations, resulting in an overly optimistic optimization outcome. In contrast, the RO method accounts for the worst-case scenario, thereby ensuring system robustness but at the expense of excessively high economic cost. Comparatively, the optimization results from the DRCC model employing KL divergence lie between those of SO and RO. This method does not rely on precise probability distributions for uncertain variables such as PV output. Instead, it constructs an ambiguity set of probability distributions using limited historical data or empirical information. By making dispatch decisions that consider the worst-case distribution within this ambiguity set, the EVCS ensures economically efficient operation at a predetermined confidence level when confronted with real-world distributional uncertainties.
To verify the necessity of DRCC in addressing PV uncertainty and ensuring system robustness, a comparative experiment with and without DRCC is conducted to investigate its role in balancing system economy and frequency regulation reliability. As shown in Table 12.
In this scenario, the DRCC is removed and replaced by a deterministic constraint based on the empirical mean value of PV output. All other model settings remain unchanged.
As shown in Table 12, when the DRCC is removed, the total operating cost decreases by approximately 7% due to the reduced conservativeness of the scheduling model. However, this approach leads to a significant increase in frequency regulation violations, particularly under conditions of high PV volatility. This stark contrast indicates that while removing DRCC may improve short-term economic performance, it compromises operational robustness under uncertainty.

5.9. Scalability Analysis

To evaluate scalability, the number of EVCSs is increased from the base case to 5, 10, and 20 stations. The load and PV profiles are proportionally expanded with heterogeneous arrival patterns, as shown in Table 13.
As shown in Table 13, the total system cost reduction increases with aggregation size due to improved spatial complementarity. Additionally, the frequency regulation capacity increases approximately linearly with the system scale. The computational time grows moderately, confirming the tractability of the proposed solution framework. Specifically, when the number of EVCSs increases to 20, the total cost reduction improves by 35.6% compared to standalone operation, and the regulation revenue increases by 372%. Importantly, the optimization problem remains solvable within an acceptable computation time.

6. Conclusions

To address the challenges of insufficient frequency regulation capability, sub-optimal economic efficiency, and unfair benefit allocation among individual EVCSs under PV uncertainty, this paper proposed a coordinated optimization framework for multiple EVCSs participating in P2P energy sharing and joint frequency regulation. By integrating M-sum-based EV aggregation, KL divergence-based DRCC, and an asymmetric Nash bargaining mechanism, the proposed model effectively addresses the coupled challenges of economic efficiency, operational robustness, and benefit fairness in a multi-station cooperative environment.
The research results demonstrate that the proposed framework significantly enhances the operational economics and frequency regulation performance of the system. By leveraging the inherent spatial-temporal complementarity among different EVCSs, the coordinated aggregation of regulation resources notably improves the frequency regulation completion rates of individual stations, with the coalition-wide completion rate increasing from 92.9% to 97.4%. In terms of economics, the coordinated operation reduces the total operating cost of the coalition from CNY 16,187.61 under the non-cooperative mode to CNY 15,997.47. Furthermore, the introduction of the asymmetric Nash bargaining mechanism ensures a fair and incentive-compatible profit allocation based on multidimensional contributions. By explicitly pricing the marginal contribution of each station, this mechanism fundamentally circumvents the “free-riding” phenomenon of benefiting without substantial contribution and stimulates the active participation of individual stations in cooperative scheduling.
The proposed approach offers significant practical implications for both EVCS operators and the power grid. For operators, it diversifies revenue streams by simultaneously monetizing energy flexibility and regulation capabilities, while guaranteeing risk-aware scheduling under PV uncertainty. For the grid, the aggregated multi-EVCS forms a reliable virtual flexibility resource that improves regulation tracking accuracy. Despite these advantages, it should be acknowledged that the validation of the proposed framework currently remains simulation-based, providing a theoretical and numerical proof-of-concept rather than empirical field results. Furthermore, the current study is limited to day-ahead scheduling without explicitly modeling real-time frequency dynamics, and it assumes static contribution weights during the bargaining process.
To further extend this research, future work will focus on integrating real-time dynamic frequency response models and battery life-cycle degradation models into the coordinated scheduling framework. Additionally, the existing model will be extended to incorporate explicit ancillary service market-clearing mechanisms and price uncertainties, along with the development of an adaptive bargaining weight strategy driven by market signals. Finally, we will conduct scalability analyses for large-scale EVCS networks under shorter dispatch intervals to ensure the practical applicability of the framework in complex power systems.

Author Contributions

Conceptualization, N.W. and H.W.; methodology, N.W.; software, N.W.; validation, N.W. and Y.D.; formal analysis, N.W.; investigation, N.W. and Y.D.; resources, H.W.; data curation, N.W.; writing—original draft preparation, N.W.; writing—review and editing, H.W.; visualization, Y.D.; supervision, H.W.; project administration, N.W. and Y.D.; funding acquisition, H.W. All authors have read and agreed to the published version of the manuscript.

Funding

This research was funded by the Key Research and Development Program of Xinjiang Uygur Autonomous Region, grant number 2023B01025-2; funded by the Tianshan Talent, grant number 2022TSYCLJ0001; and funded by the Key Research and Development Program of Xinjiang Uygur Autonomous Region, grant number 2022B01020-3.

Data Availability Statement

The authors confirm that all data supporting the findings of this study are available within the article.

Conflicts of Interest

The authors declare no conflicts of interest.

Correction Statement

This article has been republished with a minor correction to the Funding statement. This change does not affect the scientific content of the article.

Abbreviations

The following abbreviations are used in this manuscript:
AbbreviationFull Term
PVPhotovoltaic
EVElectric Vehicle
V2GVehicle-to-Grid
P2PPeer-to-Peer
EVCSElectric Vehicle Charging Station
SOCState-of-charge
M-sumMinkowski Summation
DRCCDistributionally Robust Chance Constraints
KLKullback–Leibler
ADMMAlternating Direction Method of Multipliers
IESIntegrated Energy Systems

Appendix A

EVCSs need to superimpose the decision spaces of individual EVs to participate, as an integrated entity, in the coordinated optimization of multi-station P2P energy sharing and joint frequency regulation. The M-sum, an additive operation applicable in Euclidean space, is expressed as shown in Equation (A1). Its physical essence lies in the dilation of multiple spaces. By taking the M-sum of two variable spaces, the envelope of the summed variables can be obtained. Leveraging this concept, a cluster of electric vehicles can be aggregated into a generalized energy storage device.
A B = { a + b a A , b B }
In the equation: A and B are two variable spaces; a and b are the elements of A and B, respectively; and C denotes the M-sum of A and B.
The M-sum requires that the two variable spaces share the same domain. However, due to differences in the grid connection times of individual electric vehicles, it is necessary to extend them to a common scheduling time horizon. The detailed procedure is provided in reference [37].
The schematic diagram of Minkowski addition is shown in Figure A1.
Figure A1. Schematic diagram of Minkowski addition.
Figure A1. Schematic diagram of Minkowski addition.
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Appendix B

Appendix B.1. Verification of Separability

Lat Ν be the set of participating EVCSs. The global cooperative optimization problem can be formulated in a compact generalized form:
min { x i } i Ν F i ( x i )  
s . t .   x i X i ,         i Ν
i Ν A i x i c p = B
In the equation: F i ( x i ) is the local operating cost of EVCSi and x i represents the complete set of local decision variables; X i denotes the local feasible region constructed by intra-station physical constraints (e.g., SOC dynamics, charging/discharging bounds, and DRCC reformulated bounds). Equation (A4) defines the global coupling constraints; x i c p x i specifically represents the continuous coupling variables.
By introducing global consensus variables z i and scaled dual variables u i , the global Augmented Lagrangian function L ρ is constructed as:
L ρ ( { x i } , { z i } , { u i } ) = i Ν F i ( x i ) + ρ 2 A i x i c p z i + u i 2 2
As shown in Equation (A5), because both the objective function and the strict quadratic penalty terms are calculated independently for each station, L ρ is perfectly separable. Thus, the global problem can be decomposed into Ν independent local subproblems, mathematically satisfying the fundamental separability prerequisite of ADMM.

Appendix B.2. Verification of Convexity and Convergence Conditions

Classical ADMM convergence guarantees require the local feasible set X i to be strictly convex. However, the exact deterministic reformulation of the distributionally robust chance constraint in this model introduces auxiliary binary variables, rendering the problem a non-convex Mixed-Integer Programming formulation. Therefore, the framework proposed in this paper adopts a variable-decoupled architecture. In the k-th iteration, the update step of the local subproblem is expressed as:
x i ( k + 1 ) = arg min x i X i F i ( x i ) + ρ 2 A i x i c p z i ( k ) + u i ( k ) 2 2
The non-convexity (integer variables) is strictly confined within X i . In Equation (A6), the coupling variables x i c p exchanged across the network are entirely continuous variables ( x i c p m ).
The non-convex MIP subproblem (Equation (A6)) is not approximated but is solved exactly to global optimality using standard branch-and-cut algorithms via commercial solvers (e.g., Gurobi).
The ADMM penalty term ρ 2 2 2 is strictly convex with respect to the continuous variables x i c p .
Since the integer variables do not participate in the global consensus updates, while the continuous coupling variables are coordinated through strictly convex penalty terms, this approach circumvents the divergence issues caused by integer variable interactions. It ensures that the algorithm follows the standard continuous ADMM coordination logic, thereby achieving stable empirical convergence.

Appendix C

Figure A2. Dispatchable potential of EVCS2. (a) SOC bounds of EVCS2; (b) charging and discharging power bounds of EVCS2; (c) upward and downward regulation capacities of EVCS2.
Figure A2. Dispatchable potential of EVCS2. (a) SOC bounds of EVCS2; (b) charging and discharging power bounds of EVCS2; (c) upward and downward regulation capacities of EVCS2.
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Figure A3. Dispatchable potential of EVCS3. (a) SOC bounds of EVCS3; (b) charging and discharging power bounds of EVCS3; (c) upward and downward regulation capacities of EVCS3.
Figure A3. Dispatchable potential of EVCS3. (a) SOC bounds of EVCS3; (b) charging and discharging power bounds of EVCS3; (c) upward and downward regulation capacities of EVCS3.
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Figure 1. Diagram of the framework for energy sharing and joint frequency regulation among multiple EV charging stations.
Figure 1. Diagram of the framework for energy sharing and joint frequency regulation among multiple EV charging stations.
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Figure 2. Illustration of the frequency regulation output calculation.
Figure 2. Illustration of the frequency regulation output calculation.
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Figure 3. Flowchart of the ADMM algorithm.
Figure 3. Flowchart of the ADMM algorithm.
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Figure 4. (a) PV output of EVCS1; (b) PV output of EVCS2; (c) PV output of EVCS3; (d) frequency regulation power demand of each EVCS.
Figure 4. (a) PV output of EVCS1; (b) PV output of EVCS2; (c) PV output of EVCS3; (d) frequency regulation power demand of each EVCS.
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Figure 5. Cost convergence over iterations for each entity. (a) Cost convergence over iterations for EVCS1; (b) cost convergence over iterations for EVCS2; (c) cost convergence over iterations for EVCS3; (d) cost convergence over iterations for the cooperative coalition.
Figure 5. Cost convergence over iterations for each entity. (a) Cost convergence over iterations for EVCS1; (b) cost convergence over iterations for EVCS2; (c) cost convergence over iterations for EVCS3; (d) cost convergence over iterations for the cooperative coalition.
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Figure 6. Bargaining cost convergence over iterations for each entity. (a) Bargaining cost convergence over iterations for EVCS1; (b) bargaining cost convergence over iterations for EVCS2; (c) bargaining cost convergence over iterations for EVCS3; (d) bargaining cost convergence over iterations for the cooperative coalition.
Figure 6. Bargaining cost convergence over iterations for each entity. (a) Bargaining cost convergence over iterations for EVCS1; (b) bargaining cost convergence over iterations for EVCS2; (c) bargaining cost convergence over iterations for EVCS3; (d) bargaining cost convergence over iterations for the cooperative coalition.
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Figure 7. Dispatchable potential of EVCS1. (a) SOC bounds of EVCS1; (b) charging and discharging power bounds of EVCS1; (c) upward and downward regulation capacities of EVCS1.
Figure 7. Dispatchable potential of EVCS1. (a) SOC bounds of EVCS1; (b) charging and discharging power bounds of EVCS1; (c) upward and downward regulation capacities of EVCS1.
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Figure 8. (a) Frequency regulation deviation results of EVCS1; (b) frequency regulation deviation results of EVCS2; (c) frequency regulation deviation results of EVCS3.
Figure 8. (a) Frequency regulation deviation results of EVCS1; (b) frequency regulation deviation results of EVCS2; (c) frequency regulation deviation results of EVCS3.
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Figure 9. Energy trading results among EVCSs. (a) Energy trading volume between EVCS1 and other EVCSs; (b) energy trading volume between EVCS2 and other EVCSs; (c) energy trading volume between EVCS3 and other EVCSs.
Figure 9. Energy trading results among EVCSs. (a) Energy trading volume between EVCS1 and other EVCSs; (b) energy trading volume between EVCS2 and other EVCSs; (c) energy trading volume between EVCS3 and other EVCSs.
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Figure 10. (a) Optimal power operational strategy of EVCS1; (b) optimal power operational strategy of EVCS2; (c) optimal power operational strategy of EVCS3.
Figure 10. (a) Optimal power operational strategy of EVCS1; (b) optimal power operational strategy of EVCS2; (c) optimal power operational strategy of EVCS3.
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Figure 11. Trading prices after asymmetric Nash bargaining.
Figure 11. Trading prices after asymmetric Nash bargaining.
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Figure 12. Impact of DRCC parameter sensitivity on coalition-wide cost variation.
Figure 12. Impact of DRCC parameter sensitivity on coalition-wide cost variation.
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Table 1. EV simulation parameter settings [37].
Table 1. EV simulation parameter settings [37].
TypeArrival TimeLeave TimeState of Charge at Arrival
type I vehiclesN (18, 4)N (8, 4)U (0.4, 0.6)
type II vehiclesN (21, 1)N (7, 1)U (0.2, 0.4)
type III vehiclesN (9, 2)N (17, 2)U (0.4, 0.6)
Table 2. Parameter settings for EVCSs.
Table 2. Parameter settings for EVCSs.
ParameterEVCS1EVCS2EVCS3
photovoltaic installed capacity (kW)800700700
type I vehicles connected (units)U (148, 152)U (118, 122)U (128, 132)
type II vehicles connected (units)U (43, 47)U (73, 77)U (78, 82)
type III vehicles connected (units)U (168, 172)U (88, 92)U (138, 142)
maximum power purchase/sale of a single station (kW)±1000±1000±1000
Table 3. Time-of-use electricity price parameter settings (CNY/kW·h).
Table 3. Time-of-use electricity price parameter settings (CNY/kW·h).
Time-of-Use-PeriodGrid Electricity Purchase PriceGrid Electricity Selling Price
1:00–7:00
23:00–24:00
0.400.25
8:00–11:00
15:00–18:00
0.750.45
12:00–14:00
19:00–22:00
1.200.65
Table 4. Frequency regulation completion rates before and after cooperation.
Table 4. Frequency regulation completion rates before and after cooperation.
ParticipantBefore CooperationAfter Cooperation
EVCS194.8%98.1%
EVCS291.2%96.4%
EVCS392.6%96.8%
coalition92.9%97.4%
Note: The percentages in Table 4 represent the frequency regulation completion rate. Its calculation formula is defined as the ratio of the sum of the absolute values of the total frequency regulation power actually provided by the EVCS to the sum of the absolute values of the total regulation power required by the grid over the entire scheduling period.
Table 5. Comparison of energy and frequency regulation contributions of EVCSs.
Table 5. Comparison of energy and frequency regulation contributions of EVCSs.
EVCSSupplied Energy (kW·h)Received Energy (kW·h)Frequency Regulation Imbalance (kW·h)Energy Contribution LevelFrequency Regulation Contribution LevelOverall Contribution Level
EVCS13958.62694.81348.751.840.6651.251
EVCS23554.611481.08853.971.690.3681.028
EVCS3217.435554.77770.970.690.4050.547
Note: Energy variables (cumulative energy) in kW·h.
Table 6. Cost and benefit analysis before and after cooperation (CNY).
Table 6. Cost and benefit analysis before and after cooperation (CNY).
ParticipantCost Before CooperationCost After CooperationP2P Transaction CostFinal CostGain
EVCS14732.587993.35−3357.214636.1496.45
EVCS25385.597153.78−1847.485306.2979.29
EVCS36069.43850.345203.916054.2515.18
coalition16,187.6115,997.47−0.8015,996.68190.92
P2P transaction cost is the settlement payment for internal energy exchange between EVCSs. The final cost is the sum of the cost after cooperation and the P2P transaction cost. The gain is the reduction in total operating cost compared to standalone operation. Positive values represent costs, while negative values represent benefits.
Table 7. Profit distribution of asymmetric Nash bargaining across various mapping functions (CNY).
Table 7. Profit distribution of asymmetric Nash bargaining across various mapping functions (CNY).
Mapping FunctionsEVCS1EVCS2EVCS3
logarithmic69.5065.0056.42
linear81.2073.5036.22
exponential96.4579.2915.18
Table 8. The impact results of contribution weights on interest rate allocation.
Table 8. The impact results of contribution weights on interest rate allocation.
d i Regulation-Dominant EVCS Profit ShareEnergy-Dominant EVCS Profit Share
0.228%39%
0.534%33%
0.846%21%
Table 9. Comparative results under different bargaining modes (CNY).
Table 9. Comparative results under different bargaining modes (CNY).
SchemeTypeEVCS1EVCS2EVCS3
Scheme 1P2P transaction cost−3333.15−1840.585173.72
final cost4660.2053,135.206024.06
gain72.6672.6672.66
Scheme 2P2P transaction cost−3361.19−1823.725184.91
final cost4632.165330.066035.25
gain100.4255.5261.19
Scheme 3P2P transaction cost−3335.39−1855.235210.62
final cost4637.965298.556060.96
gain94.6287.0335.48
Scheme 4P2P transaction cost−3357.21−1847.485203.91
final cost4636.145306.296054.25
gain96.4579.2915.18
Table 10. Comparison of total operating costs with and without the bargaining mechanism (CNY).
Table 10. Comparison of total operating costs with and without the bargaining mechanism (CNY).
ParticipantWith BargainingWithout Bargaining
EVCS14636.144306.33
EVCS25306.294984.96
EVCS36054.255936.67
coalition15,996.6815,228.75
Table 11. Operating costs of different uncertainty methods (CNY).
Table 11. Operating costs of different uncertainty methods (CNY).
EVCSROSOKL-DRCC
EVCS15326.624259.274636.13
EVCS26134.565019.315306.29
EVCS36937.295891.756054.25
Table 12. Comparison of total operating cost and frequency regulation imbalance with and without DRCC.
Table 12. Comparison of total operating cost and frequency regulation imbalance with and without DRCC.
MetricsWith DRCCWithout DRCC
Total operating cost (CNY)15,997.4714,717.67
Frequency regulation imbalance (kW·h)1973.692062.76
Table 13. Scalability analysis of the proposed framework with varying numbers of aggregated EVCSs.
Table 13. Scalability analysis of the proposed framework with varying numbers of aggregated EVCSs.
Number of EVCSsTotal Operating Cost Reduction (%)Frequency Regulation Capacity (kW)Computation Time (min)
323.5%12004
526.8%19007
1031.4%380018
2035.6%740052
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Wushouerniyazi, N.; Wang, H.; Ding, Y. Coordinated Optimization of Multi-EVCS Participation in P2P Energy Sharing and Joint Frequency Regulation Based on Asymmetric Nash Bargaining. Energies 2026, 19, 1269. https://doi.org/10.3390/en19051269

AMA Style

Wushouerniyazi N, Wang H, Ding Y. Coordinated Optimization of Multi-EVCS Participation in P2P Energy Sharing and Joint Frequency Regulation Based on Asymmetric Nash Bargaining. Energies. 2026; 19(5):1269. https://doi.org/10.3390/en19051269

Chicago/Turabian Style

Wushouerniyazi, Nuerjiamali, Haiyun Wang, and Yunfeng Ding. 2026. "Coordinated Optimization of Multi-EVCS Participation in P2P Energy Sharing and Joint Frequency Regulation Based on Asymmetric Nash Bargaining" Energies 19, no. 5: 1269. https://doi.org/10.3390/en19051269

APA Style

Wushouerniyazi, N., Wang, H., & Ding, Y. (2026). Coordinated Optimization of Multi-EVCS Participation in P2P Energy Sharing and Joint Frequency Regulation Based on Asymmetric Nash Bargaining. Energies, 19(5), 1269. https://doi.org/10.3390/en19051269

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