Today, energy is one of the most problematic issues in many countries, especially in Europe.
On the other hand, the number of EVs is increasing rapidly as a promising solution to reduce greenhouse gas emissions and offering cost-efficient advantages. Tens of millions of EVs will hit the load next decade. The demand for fast and ultra-fast charging will increase. Especially when vehicles like electric trucks, which require much more power and charging speed, will become more common on the roads, electrification of transportation will result in high power peaks.
The truth is, this is happening even today, especially in central locations.
So how can we get this situation under control?
Dynamic Spot Pricing:
The available capacity of the grid varies according to the time of day and the location. However, pricing at most charging stations is calculated based on the length of the charging session and the amount of power delivered. There is no change in price based on offer and demand. In other words, drivers are unaware of the load unless power outages occur due to excessive load.
However, load management requires drivers to get involved in the process with the help of incentives. One of the most effective incentives could be dynamic pricing, where charging costs vary according to the voltage profile of the charging station. Dynamic pricing enables charging prices to be adjusted by the distribution network load in real-time. With the support of transparent price communication, drivers may decide to postpone charging or reconsider their routes. As a result, the flexibility in the driver’s behavior optimizes the power flow.
Drifter’s dynamic spot pricing feature uses the NorthPool data and offers a real-time pricing option without any extra setup. Plus, drivers can set a threshold based on the released price. If a threshold price has been set to stop charging the car over a price level, and the car starts charging again after the price drops again, Drifter optimizes energy usage during the energy peaks. Good for the energy and good for the wallet.