Transportation Energy Institute’s EVC study evaluates EV charger demand charge strategies
ALEXANDRIA, Va., March 5, 2024 /PRNewswire/ — The Transportation Energy Institute’s Electric Vehicle Council (EVC), released a new study, Demand Charge Mitigation Strategies for EV Chargers to evaluate the potential effects of different strategies on various stakeholders, including utilities, EV charger site hosts and EV drivers.
Stakeholders, including many utilities, recognize that electric utility demand charges can have significant impacts. These charges affect the business model of EV charging stations. The new study presents insights to help decision makers understand the positive and negative implications of their options. This understanding aids in determining the best solution for their situation.
“Demand charges represent a significant impediment to the deployment of EV chargers in the U.S.,” said John Eichberger, executive director of the Transportation Energy Institute. “The Electric Vehicle Council commissioned this study to provide objective insight into the effects of these various strategies on all stakeholders. The aim is to implement effective and equitable solutions that benefit the market.”
The study reviewed market conditions, existing rates, current and potential mitigation strategies and data from existing charging stations. The most viable options were organized into four categories:
- Reduce or eliminate demand charges for Direct Current Fast Chargers (DCFC)
- Cap the total per-kWh monthly energy cost for low-use stations
- Install co-located batteries to help manage peak demand
- Manage EV charging during peak periods
“Demand Charge Mitigation Strategies for Public EV Chargers” provides valuable insights. It is a resource for anyone seeking to support the deployment of a reliable EV charging network in North America.
