Market Research Report
EV Managed Charging: US Outlook and Benchmark of Top 100 Utilities
|Published by||Northeast Group, LLC||Product code||945100|
|Published||Content info||52 Slides + Excel
Delivery time: 1-2 business days
|EV Managed Charging: US Outlook and Benchmark of Top 100 Utilities|
|Published: June 26, 2020||Content info: 52 Slides + Excel||
The rapid growth of electric vehicle (EV) sales in the US creates challenges but even greater opportunities for utilities. EVs have the potential to become a major distributed energy resource (DER) on the back of EV sales growth and rising AMI meter penetration, helping to smooth demand for electricity and providing substantial benefits for both utilities and consumers. Northeast Group has been tracking the utility response to EVs since 2011.
For most of the 2010s, utility EV programs were focused on timeof- use rates (TOU), with the number of EV-specific TOU rates slowly increasing but still dependent on consumer behavior. These are known as passive managed charging programs. Recently, utilities have introduced active managed charging programs that give them control over when EVs are charged, a trend that is likely to grow. While the availability of managed charging programs has increased, customer participation remains low and there are several barriers that limit the capacity of EVs to function as a DER. So far only 3 programs have customers "opt out" instead of "opt in;" these and other incentives will be necessary to increase participation rates.
If managed charging programs grow, automakers improve charging capacity, and customers choose to participate in programs, utilities are expected to develop dozens of GW of demand response capacity while customers could save hundreds of millions of dollars per year by 2030, with benefits significantly higher if participation rates increase.