Plug-in electric vehicles (PEVs) represent a significant opportunity for electric companies in many world regions to increase desirable load, which can increase household energy consumption by 50% or more. With the proper incentives and management, PEVs can be charged at times of lower peak demand to increase baseload power. Emerging communications standards enable PEV charging to be synchronized with renewables generation. Because the load is somewhat discretionary, PEVs can be combined with stationary storage and distributed energy resources (DER) into demand response and other grid services.
In this webinar, John Gartner, Senior Research Director with Navigant, was joined by Watson Collins, Manager of Business Development at Eversource, and Navigant's Senior Research Analyst, Scott Shepard, and Derek Jones, Associate Director, also at Navigant, to discuss how energy service companies and EV charging network operators have developed new business models around managed charging that can potentially affect electric company revenue. With electric companies in many states permitted—or even required—to engage in EV charging services, utilities need to develop relationships and business structures now—before the number of PEVs charging daily begins to affect the distribution grid.