Pricing mechanism for EV fast charging stations considering distributed energy resources

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dc.check.date2027-09-03
dc.check.infoAccess to this article is restricted until 24 months after publication by request of the publisher
dc.contributor.authorVashisth, Shaktien
dc.contributor.authorAgrawal, Praveen Kumaren
dc.contributor.authorGupta, Nikhilen
dc.contributor.authorPandey, Vipin Chandraen
dc.contributor.authorNiazi, K. R.en
dc.contributor.authorSwarnkar, Anilen
dc.date.accessioned2025-09-12T10:41:34Z
dc.date.available2025-09-12T10:41:34Z
dc.date.issued2025-09-03en
dc.description.abstractThe growing demand for electric vehicles (EVs) requires large-scale deployment of fast charging stations (FCS). These FCS owners are usually private investors and focus on the growth of their businesses. This enforces FCS to design a suitable pricing mechanism to achieve their financial goals, build customer relationships, and maintain competitiveness in the market while considering distributed energy resources (DERs). Therefore, there is a need to develop a holistic approach to keep the interests of all stakeholders in mind while deciding the pricing for EV charging at FCS. Hence, this paper proposes pricing mechanisms, flat and dynamic pricing for EVs charging at FCS considering DERs against dynamic market prices. The proposed pricing mechanisms are designed to keep profit margin of FCS remains same relative to no DERs considering EVs users’ convenience, satisfaction and waiting time. Price-cum-convenience responsive models are proposed for price elasticity of demand and EV users’ satisfaction. The study reveals that both pricing mechanisms under DERs are equally promising as they produce more competitive price signals which are around 11 % lower, up to 61.81 % reduction in grid energy demand during overload periods, and up to 6 % increment in mean satisfaction of EV users while keeping the profit margin intact for FCS owners.en
dc.description.statusPeer revieweden
dc.description.versionAccepted Versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.articleid101943en
dc.identifier.citationVashisth, S., Agrawal, P.K., Gupta, N., Pandey, V.C., Niazi, K.R. and Swarnkar, A. (2025) 'Pricing mechanism for EV fast charging stations considering distributed energy resources', Sustainable Energy, Grids and Networks, 44, 101943 (13pp). https://doi.org/10.1016/j.segan.2025.101943en
dc.identifier.doi10.1016/j.segan.2025.101943en
dc.identifier.endpage13en
dc.identifier.issn2352-4677en
dc.identifier.journaltitleSustainable Energy, Grids and Networksen
dc.identifier.startpage1en
dc.identifier.urihttps://hdl.handle.net/10468/17861
dc.identifier.volume44en
dc.language.isoenen
dc.publisherElsevieren
dc.rights© 2025, Elsevier Ltd. All rights are reserved, including those for text and data mining, AI training, and similar technologies. This manuscript version is made available under the CC BY-NC-ND 4.0 license.en
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/en
dc.subjectDynamic pricing mechanismen
dc.subjectFlat pricing mechanismen
dc.subjectPrice-cum-convenienceen
dc.subjectPrice elasticity of demanden
dc.subjectSatisfaction levelen
dc.subjectVirtual waiting timeen
dc.titlePricing mechanism for EV fast charging stations considering distributed energy resourcesen
dc.typeArticle (peer-reviewed)en
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