Time-of-Use Electricity Pricing Strategy for Charging Based on Multi-Objective Optimization

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Authors: Yonghua Xu, Wei Liu, Xiangyi Tang
Cited by: 1
References: 4

Abstract

Efficient operation of electric vehicle (EV) charging stations is vital in the development of green transportation infrastructure. To address the challenge of balancing profitability, resource utilization, user behavior, and grid stability, this paper proposes a multi-objective dynamic pricing optimization framework based on a chaotic genetic algorithm (CGA). The model jointly maximizes operator profit and charging pile utilization while incorporating price-responsive user demand and grid load constraints. By integrating chaotic mapping into population initialization, the algorithm enhances diversity and global search capability, effectively avoiding premature convergence. Empirical results show that the proposed strategy significantly outperforms conventional methods: profits are 41% higher than with fixed pricing and 40% higher than with traditional time-of-use optimization, while charging pile utilization is 32.27% higher. These results demonstrate that the proposed CGA-based framework can efficiently balance multiple objectives, improve operational profitability, and enhance grid stability, offering a practical solution for next-generation charging station management.

Fields of Study & Subjects

Electric Vehicles and Infrastructure Smart Grid Energy Management Transportation and Mobility Innovations

Publication details

Journal / source
World Electric Vehicle Journal
Publisher
MDPI AG
Volume
17
Issue
1
Pages
53–53
Publication date
22 January 2026
Language
EN