Multi-Objective Planning for Electric Vehicle Charging Stations Considering TOU Price

This paper proposes an Electric Vehicle charging station planning method which takes Time-of-Use price into consideration. First of all, the impact of Time- of-Use price on EV user charging behavior is described specifically. Secondly, a multi-objective model for the optimal planning of EV charging station is developed to maximize the charging demands captured by EV charging stations, minimize the total cost during charging, and minimize the electrical load variance. Thirdly, Particle Swarm Optimization algorithm with constriction factor is utilized to solve the planning problem. The Data Envelopment Analysis method is employed to select the optimal solution. Simulation results illustrate the effectiveness of the proposed method using case study consisting of an IEEE 33-node distribution system and a 33-node traffic network system as an example.

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