Table of Contents
World Electr. Veh. J., Volume 10, Issue 1 (March 2019)
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Cover Story (view full-size image) While most electric customers pay a standard flat rate, dynamic pricing plans have numerous [...] Read more. While most electric customers pay a standard flat rate, dynamic pricing plans have numerous benefits, especially for electric vehicle (EV) drivers. In this analysis, the consumer group Citizens Utility Board (CUB) compares what customers of an Illinois utility, Commonwealth Edison, would have paid in 2016 and 2017 to charge their EVs under a standard flat rate that changes infrequently versus a rate that changes hourly. CUB finds that EV drivers paying hourly prices would save 52%–59% on their energy costs. Not only does dynamic pricing have the potential to lower consumer costs, but it also improves grid reliability and reduces pollution by motivating EV drivers to charge their vehicles at times when electricity demand and prices are lower. View this paper.