IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v18y2025i16p4283-d1722438.html
   My bibliography  Save this article

Dynamic Tariff Adjustment for Electric Vehicle Charging in Renewable-Rich Smart Grids: A Multi-Factor Optimization Approach to Load Balancing and Cost Efficiency

Author

Listed:
  • Dawei Wang

    (State Grid Beijing Electric Power Research Institute, Beijing 100075, China)

  • Xi Chen

    (State Grid Beijing Electric Power Research Institute, Beijing 100075, China)

  • Xiulan Liu

    (State Grid Beijing Electric Power Research Institute, Beijing 100075, China
    School of Electrical and Electronic Engineering, North China Electric Power University, Beijing 102206, China)

  • Yongda Li

    (State Grid Beijing Electric Power Research Institute, Beijing 100075, China)

  • Zhengguo Piao

    (School of Electrical and Control Engineering, North China University of Technology, Beijing 100144, China)

  • Haoxuan Li

    (School of Electrical and Control Engineering, North China University of Technology, Beijing 100144, China)

Abstract

The widespread deployment of electric vehicles (EVs) has introduced substantial challenges to electricity pricing, grid stability, and renewable energy integration. This paper proposes a real-time pricing optimization framework for large-scale EV charging networks incorporating renewable intermittency, demand elasticity, and infrastructure constraints within a high-dimensional optimization model. The core objective is to dynamically determine spatiotemporal electricity prices that simultaneously reduce system peak load, improve renewable energy utilization, and minimize user charging costs. A rigorous mathematical formulation is developed integrating over 40 system-level constraints, including power balance, transmission capacity, renewable curtailment, carbon targets, voltage regulation, demand-side flexibility, social participation, and cyber resilience. Real-time electricity prices are treated as dynamic decision variables influenced by charging station utilization, elasticity response curves, and the marginal cost of renewable and grid-supplied electricity. The problem is solved over 96 time intervals using a hybrid solution approach, with benchmark comparisons against mixed-integer programming (MILP) and deep reinforcement learning (DRL)-based baselines. A comprehensive case study is conducted on a 500-station EV charging network serving 10,000 vehicles integrated with a modified IEEE 118-bus grid model and 800 MW of variable renewable energy. Historical charging data with ±12% stochastic demand variation and real-world solar and wind profiles are used to simulate realistic operational conditions. Results demonstrate that the proposed framework achieves a 23.4% average peak load reduction per station, a 17.9% improvement in renewable energy utilization, and user cost savings of up to 30% compared to baseline flat-rate pricing. Utilization imbalances across the network are reduced, with congestion mitigation observed at over 90% of high-traffic stations. The real-time pricing model successfully aligns low-price windows with high-renewable periods and off-peak hours, achieving time-synchronized load shifting and system-wide flexibility. Visual analytics including high-resolution 3D surface plots and disaggregated bar charts reveal structured patterns in demand–price interactions, confirming the model’s ability to generate smooth, non-disruptive pricing trajectories. The results underscore the viability of advanced optimization-based pricing strategies for scalable, clean, and responsive EV charging infrastructure management in renewable-rich grid environments.

Suggested Citation

  • Dawei Wang & Xi Chen & Xiulan Liu & Yongda Li & Zhengguo Piao & Haoxuan Li, 2025. "Dynamic Tariff Adjustment for Electric Vehicle Charging in Renewable-Rich Smart Grids: A Multi-Factor Optimization Approach to Load Balancing and Cost Efficiency," Energies, MDPI, vol. 18(16), pages 1-29, August.
  • Handle: RePEc:gam:jeners:v:18:y:2025:i:16:p:4283-:d:1722438
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/18/16/4283/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/1996-1073/18/16/4283/
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:18:y:2025:i:16:p:4283-:d:1722438. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.