Optimal Electric Vehicle Charging Strategies: A Comparative Analysis of Grid Impact and Cost Optimization Under Variable Tariffs in Bosnia and Herzegovina and the United Kingdom

Šehić, Faruk

doi:10.2478/bhee-2024-0005

Abstract

A comprehensive analysis of optimal electric vehicle (EV) charging strategies was conducted in this paper, focusing on minimizing costs and reducing grid impact under different electricity tariffs in Bosnia and Herzegovina and the United Kingdom. Advanced mathematical optimization techniques were employed, including the development of a centralized charging algorithm that integrates real-time electricity prices and grid constraints. A comparison was made between weakly variable tariffs, such as those in Bosnia and Herzegovina and frequently variable tariffs, like the Octopus Agile tariff in London. The analysis revealed significant cost-saving potential and enhanced grid stability associated with the latter. The findings offer valuable insights for optimizing EV charging infrastructure, which could benefit both electric car owners and power system operators. Practical strategies for managing EV charging in a way that supports the stability and efficiency of the power grid are proposed.

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Optimal Electric Vehicle Charging Strategies: A Comparative Analysis of Grid Impact and Cost Optimization Under Variable Tariffs in Bosnia and Herzegovina and the United Kingdom

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