A dynamic pricing method to manage the impact of EV charging on the grid using RL
This work addresses the challenge of managing electrical vehicle (EV) charging loads on distribution feeders with the increase in deployment of fast charging stations. To mitigate the adverse impacts on feeder health, a novel dynamic grid-informed pricing approach is proposed. This approach leverages reinforcement learning (RL) to determine hourly charging prices based on real-time grid conditions. A synthetic environment was developed to train the reinforcement learning agent. A model of an IEEE 34-bus distribution feeder with EV charging stations has been developed in OpenDSS utilizing Caldera for realistic EV charging profiles. Test cases demonstrate that the dynamic pricing strategy achieves higher energy delivery to the EV end user at a lower cost compared to constant pricing methods, while lowering voltage deviations and congestion. This approach offers more granular price adjustments, responding dynamically to feeder conditions and potentially improving grid stability and efficiency. The communication architecture to implement this dynamic pricing method is described. This research contributes to the development of smart grid-informed charging solutions that can reduce the cost of charging to the end user while also helping the grid.