Dynamic tariffs

Dynamic tariffs are prices that vary over time, allowing consumers to reduce their energy expenses, while also bringing important benefits to the power system.

Dynamic tariffs provide incentives for consumers to delay charging until electricity is less expensive. They are needed to reduce coincident loads and network congestion (which would occur, for example, if all EV drivers plugged in after arriving at home in the evening) and lower the costs of charging EVs. Other benefits include reduced peak loads and easier integration of variable renewable generation. Dynamic tariffs can be designed in a way that is easy to understand and adopt (using EV aggregators and apps), and could provide considerable savings to an average EV user.