A Smart Dynamic Pricing Approach for Electric Vehicle Charging in a Distribution System

Transportation electrification has become a prominent area of research and investment, especially in the last decades, regarding the increasing concerns for environmental sustainability. In this manner, there are different studies realized on electric vehicles (EVs), especially from the power system integration point of view to enable a more extensive penetration without causing adverse impacts on system operation. Different approaches for the direct and indirect management of EVs based charging demand in power systems have already been proposed in the literature as well as employed in the industry. In this study, from an indirect management point of view, a smart dynamic pricing approach based on a fuzzy logic controller based decision-making structure is proposed for EV charging in a distribution system. The proposed new decision-making method considers dynamically varying as well as static operational issues together with the social welfare of EV owners to provide real-time decisions compared to existing studies considering the wider EV charging service pricing topic from a different perspective.