EURO 2024 Copenhagen
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2606. Optimal Price Menu Design of Electric Vehicle Charging Stations

Invited abstract in session TA-53: Charging Infrastructure toward Sustainable Transport, stream Sustainable and Resilient Systems.

Tuesday, 8:30-10:00
Room: 8007 (building: 202)

Authors (first author is the speaker)

1. Alix Dupont
LIA, Avignon University
2. Yezekael Hayel
LIA, Avignon University
3. Jean-Baptiste Bréal
SYSTEME, EDF lab' Paris-Saclay
4. Panagiotis Andrianesis
Division of Systems Engineering, Boston University

Abstract

The growing adoption of Electric Vehicles (EVs) creates new challenges for EV Charging Station Operators (CSOs) due to the increasing charging demand, but also opportunities to leverage EV user flexibility.
We consider an EV CSO offering several charging power rates at different prices, and we explore the design of a price menu. In our setting, EV users view charging more as an opportunity than as an indispensable need. They are inflexible in their parking duration, which depends on their on-site activities, but they are flexible in terms of their energy demand, and choose the option that maximizes their welfare, i.e., their utility minus their cost of charging.
We formulate the optimal price menu design problem of a profit maximizing CSO as a mixed integer linear programming problem, and we compare against the outcome of social welfare maximization. We further account for the provision of demand response by the CSO, i.e., lowering its power consumption for a certain period given a certain price for remuneration, by adjusting the price menu (in real time), to incent EV users to choose lower power rates. Our numerical demonstrations provide useful insights on the construction of the optimal price menu.

Keywords

Status: accepted

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