ECE – 590 I POWER & ENERGY SYSTEMS SEMINAR
SPEAKER: Muhammad Talal Khalid, Department of Electrical and Computer Engineering, University of Illinois at Urbana-Champaign
TITLE: "Alternatives to Maximum-demand Charges for Electric Vehicle Charging: A Historical Perspective"
WHEN: Monday, March 25, 2024
WHERE: ECEB 4070, 3:00 – 3:50 p.m.
ABSTRACT: Maximum-demand charges (MDCs) are a widely-recognized barrier to the profitable operations of electric vehicle fast-charging facilities (EVFCFs). Many US electric utility companies (EUCs) now offer EVFCF-specific rate options that provide alternatives to MDCs. Since the new offerings are built upon the rate systems established in the past, this presentation takes a historical perspective on the development of electric rate systems from the inception of the EUC industry, with a particular emphasis on the proposition and subsequent industry-wide adoption of rate systems with MDCs. It then highlights the research-identified issues with the traditional rate systems and provides an evaluation of EVFCF-specific rate options against the previously recognized challenges to the corresponding traditional rate systems. Utilizing past learning, this work is aimed to serve as a valuable addition to the toolkit of researchers and policymakers working towards the establishment of EVFCF-specific rate options by informing them about the potential challenges to their proposition and enabling them to incorporate effective precautions against these problems.
