LAUSR

The cost of solar-generated electricity and battery costs have been decreasing significantly. These developments can be combined to introduce solar-powered charging networks with demand management prices (DMP) to enable electric vehicle (EV) customers to help utilities to manage renewable energy. As solar-generated electricity becomes the cheapest source of power, the need to increase demand for electricity during the day can be met by charging EVs at an attractive DMP in parking lots with solar panels and charging stations that are connected to the electrical grid. The demand for electricity can be managed and controlled by the utility with the goal of increasing demand for power as needed so that all electricity that is generated can be sold. The proposal is to introduce a new DMP rate that is only implemented when the utility wants to increase demand and sell power at this low rate in order to make full use of the supply. As utilities strive to reach 100% renewable electrical power to serve a society transported by EVs, cooperative plans to make good use of batteries in EVs for managing the electrical grid will become more important.