Planning of fast charging infrastructure for electric vehicles in a distribution system and prediction of dynamic price

The increasing number of electric vehicles (EVs) has led to the need for installing public electric vehicle charging stations (EVCS) to facilitate ease of use and to support users who do not have the option of residential charging. The public electric vehicle charging infrastructures (EVCIs) must be equipped with a good number of EVCSs, with fast charging capability, to accommodate the EV traffic demand, which would otherwise lead to congestion at the charging stations. The location of these fast-charging infrastructures significantly impacts the distribution system (DS). We propose the optimal placement of fast-charging EVCIs at different locations in the distribution system, using multi-objective particle swarm optimization (MOPSO), so that the power loss and voltage deviations are kept at a minimum. Time-series analysis of the DS and EV load variations are performed using MATLAB and OpenDSS. We further analyze the cost benefits of the EVCIs under real-time pricing conditions and employ an autoregressive integrated moving average (ARIMA) model to predict the dynamic price. The simulated test system without any EVCI has a power loss of 164.36 kW and squared voltage deviations of 0.0235 p.u. Using the proposed method, the results obtained validate the optimal location of 5 EVCIs (each having 20 EVCSs with a 50kWh charger rating) resulting in a minimum power loss of 201.40 kW and squared voltage deviations of 0.0182 p.u. in the system. Significant cost benefits for the EVCIs are also achieved, and an R-squared value of dynamic price predictions of 0.9999 is obtained. This would allow the charging station operator to make promotional offers for maximizing utilization and increasing profits.