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Author(s)Shin-ichi InageiiHitachi
Utilities are constantly trying to balance loads on the grid to reduce the need for additional expensive, and typically high emitting, power generation from peaker plants and supporting more efficient energy use overall.
One strategy energy providers use to encourage customers to use more electricity during less popular times is implementing time-of-use (TOU) rates. Energy prices change by time of day, day of the week, and season based on fluctuating electricity demand. During peak hours (when demand is highest) electricity prices are increased, while during off-peak hours (when demand is lower) prices are reduced.
EV fueling stations, fleets and other charge point operators can benefit when they strategically use grid energy considering TOU rates to reduce and manage electricity expenses. Installing an on-site battery energy storage system (BESS) allows the most flexibility in shifting loads while reducing operational costs and ensuring your EV chargers remain up and running.
Learn how Sparkion''s energy management can enhance load shifting and optimize your EV charging sites. Download our white paper for detailed insightsDownload the brochureWhat is load shifting in EV charging?
Load shifting is a strategy that EV charge point operators can use to reduce their operating costs. By changing the time when you charge your EVs, you can take advantage of periods when electricity demand and prices are lower for a more cost-effective charging schedule.
Peak shaving and load shifting work together to help optimize electricity usage and enhance the efficiency of EV charging sites while reducing strain on the electrical grid to prevent overloads and minimize the need for additional power generation capacity. It''s a win-win for customers and grid operators alike.How can load shifting benefit EV charging site operators?
Load shifting can significantly benefit EV charging site operators in a variety of ways:
Overall, load shifting offers a strategic approach to managing costs, optimizing revenue, and contributing to broader energy efficiency and sustainability goals.Tips for load shifting in EV charging
Load shifting can offer many advantages if done effectively. When thinking about your load-shifting strategy, it''s important to keep a few considerations in mind.
First, make sure you understand your local electricity tariffs, what programs and incentives are available and how to comply. Familiarize yourself with the TOU rates and electricity tariffs in your area. Knowing when electricity is cheapest will help you design an optimal charging schedule that maximizes cost savings. Also, be sure to stay informed about local regulations, incentives, and utility programs that support load shifting. Participating in these programs can provide financial benefits or even technical assistance to implement load-shifting practices.
Next, take a look at your site to ensure you''re equipped to handle load shifting. This might involve upgrading grid connections, enhancing energy storage capabilities, or collaborating with utilities to ensure the infrastructure can support varying loads without interruptions. It''s also important to consider the future and plan for scalability. As electric vehicle adoption increases, your load-shifting strategies should be flexible enough to adapt to growing demand while staying efficient and cost-effective.
Also, consider if you''ll be adding renewable energy like an onsite solar installation. Renewable energy is the cheapest form of power. Producing your own such as solar or wind, can significantly reduce your electricity costs. Solar production is more abundant during off-peak hours so you can rely on it during these times to further reduce reliance on the grid and lower costs. Adding solar to your site can increase your profit margin per session by reducing the cost per kilowatt hour from that of wholesale energy. Powering EVs with renewables also demonstrates your commitment to environmental responsibility, which resonates with environmentally conscious EV users.
Batteries coupled with renewables can provide even more benefits. Storing grid or renewable energy in a BESS greatly increases site flexibility. For example, charging your battery with solar power offers a cost-effective alternative when the price of grid electricity peaks. Batteries and renewables can also help increase the resiliency of your site by islanding (disconnecting from the grid) through grid outages. Periods of ample renewable energy production may allow you to operate your charging stations independently, enhancing your network’s reliability.
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