A new bill has been signed by Governor Greg Abbot in Texas that will help stimulate the market for businesses to invest in public access EV charging stations. One of the goals for this new legislation is to neutralize the utility rates that electric companies charge for businesses that provide public access EV charging. Some businesses struggle to profit from EV charging stations due to the price of electric utilities each month. This limits businesses like gas stations and convenience stores from installing EV charging stations for public access. There are various bills and legislation being put into place across the country to help incentivize EV charging through utility rates.
Utility companies still have not caught up with the new demand for electricity. Some are trying to reevaluate their rates and adjust them for EV charging stations. DC charging can especially cause usage spikes for business owners since it requires more electricity for fast charging. Calculating or predicting how much energy EV charging stations are using can be difficult for business owners and utility providers to do.
One solution to manage the amount of electricity being used within EV charging stations is dynamic load balancing. Load balancing allows EV charging managers to add more EV charging docks without overloading or having to add more electrical lines to their power box. It helps spread the electricity to be used more evenly throughout the charging stations without using more power. Dynamic load balancing also allows managers to track the electricity consumption their charging stations are using.