Dynamic Pricing for Electric Vehicle Charging—A Literature Review

Abstract

Time-varying pricing is seen as an appropriate means for unlocking the potential flexibility from electric vehicle users. This in turn facilitates the future integration of electric vehicles and renewable energy resources into the power grid. The most complex form of time-varying pricing is dynamic pricing. Its application to electric vehicle charging is receiving growing attention and an increasing number of different approaches can be found in the literature. This work aims at providing an overview and a categorization of the existing work in this growing field of research. Furthermore, user studies and the modeling of user preferences via utility functions are discussed.

Keywords

• dynamic pricing
• electric vehicles
• energy management
• smart grid