Time-of-Use Electricity Pricing Strategy for Charging Based on Multi-Objective Optimization

Efficient operation of electric vehicle (EV) charging stations is vital in the development of green transportation infrastructure. To address the challenge of balancing profitability, resource utilization, user behavior, and grid stability, this paper proposes a multi-objective dynamic pricing optimization framework based on a chaotic genetic algorithm (CGA). The model jointly maximizes operator profit and charging pile utilization while incorporating price-responsive user demand and grid load constraints. By integrating chaotic mapping into population initialization, the algorithm enhances diversity and global search capability, effectively avoiding premature convergence. Empirical results show that the proposed strategy significantly outperforms conventional methods: profits are 41% higher than with fixed pricing and 40% higher than with traditional time-of-use optimization, while charging pile utilization is 32.27% higher. These results demonstrate that the proposed CGA-based framework can efficiently balance multiple objectives, improve operational profitability, and enhance grid stability, offering a practical solution for next-generation charging station management.

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Publication Details

Journal
World Electric Vehicle Journal
Published
2026-01-22
DOI
https://doi.org/10.3390/wevj17010053
Primary Topic
Electric Vehicles and Infrastructure
Type
article
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0.00
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article

Time-of-Use Electricity Pricing Strategy for Charging Based on Multi-Objective Optimization

Wei Liu, Yonghua Xu, Xiangyi Tang
World Electric Vehicle Journal
Electric Vehicles and Infrastructure
article

Time-of-Use Electricity Pricing Strategy for Charging Based on Multi-Objective Optimization

Wei Liu, Yonghua Xu, Xiangyi Tang
article en

Abstract

Efficient operation of electric vehicle (EV) charging stations is vital in the development of green transportation infrastructure. To address the challenge of balancing profitability, resource utilization, user behavior, and grid stability, this paper proposes a multi-objective dynamic pricing optimization framework based on a chaotic genetic algorithm (CGA). The model jointly maximizes operator profit and charging pile utilization while incorporating price-responsive user demand and grid load constraints. By integrating chaotic mapping into population initialization, the algorithm enhances diversity and global search capability, effectively avoiding premature convergence. Empirical results show that the proposed strategy significantly outperforms conventional methods: profits are 41% higher than with fixed pricing and 40% higher than with traditional time-of-use optimization, while charging pile utilization is 32.27% higher. These results demonstrate that the proposed CGA-based framework can efficiently balance multiple objectives, improve operational profitability, and enhance grid stability, offering a practical solution for next-generation charging station management.

World Electric Vehicle JournalVol. 17(1)
Hunan University of Technology (CN)
Industry, innovation and infrastructure
Openalex Percentile: Top 78%
Electric Vehicles and Infrastructure
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Time-of-Use Electricity Pricing Strategy for Charging Based on Multi-Objective Optimization — Wei Liu, Yonghua Xu, et al. · World Electric Vehicle Journal (2026) | TGRS Research Map | TGRS