Dynamic Modeling and Real-time Management of a System of EV Fast-charging Stations

TL;DR

This paper develops a stochastic dynamic simulation framework for managing EV fast-charging stations, incorporating user behavior, queueing dynamics, and demand-responsive pricing to optimize system performance and capacity planning.

Contribution

It introduces a novel integrated modeling framework combining user choice, queueing, and dynamic pricing for EV fast-charging stations, enabling real-time management and strategic planning.

Findings

DDRPA reduces average wait time by 26%

DDRPA increases revenue and social welfare

Framework helps identify capacity expansion needs

Abstract

Demand for electric vehicles (EVs), and thus EV charging, has steadily increased over the last decade. However, there is limited fast-charging infrastructure in most parts of the world to support EV travel, especially long-distance trips. The goal of this study is to develop a stochastic dynamic simulation modeling framework of a regional system of EV fast-charging stations for real-time management and strategic planning (i.e., capacity allocation) purposes. To model EV user behavior, specifically fast-charging station choices, the framework incorporates a multinomial logit station choice model that considers charging prices, expected wait times, and detour distances. To capture the dynamics of supply and demand at each fast-charging station, the framework incorporates a multi-server queueing model in the simulation. The study assumes that multiple fast-charging stations are managed by a single entity and that the demand for these stations are interrelated. To manage the system of stations, the study proposes and tests dynamic demand-responsive price adjustment (DDRPA) schemes based on station queue lengths. The study applies the modeling framework to a system of EV fast-charging stations in Southern California. The results indicate that DDRPA strategies are an effective mechanism to balance charging demand across fast-charging stations. Specifically, compared to the no DDRPA scheme case, the quadratic DDRPA scheme reduces average wait time by 26%, increases charging station revenue (and user costs) by 5.8%, while, most importantly, increasing social welfare by 2.7% in the base scenario. Moreover, the study also illustrates that the modeling framework can evaluate the allocation of EV fast-charging station capacity, to identify stations that require additional chargers and areas that would benefit from additional fast-charging stations.