Dynamic Load Balancing for EV Charging Stations Using Reinforcement Learning and Demand Prediction

Abstract

This paper presents a method for load balancing and dynamic pricing in electric vehicle (EV) charging networks, utilizing reinforcement learning (RL) to enhance network performance. The proposed framework integrates a pre-trained graph neural network to predict demand elasticity and inform pricing decisions. The spatio-temporal EV charging demand prediction (EVCDP) dataset from Shenzhen is utilized to capture the geographic and temporal characteristics of the charging stations. The RL model dynamically adjusts prices at individual stations based on occupancy, maximum station capacity, and demand forecasts, ensuring an equitable network load distribution while preventing station overloads. By leveraging spatially-aware demand predictions and a carefully designed reward function, the framework achieves efficient load balancing and adaptive pricing strategies that respond to localized demand and global network dynamics, ensuring improved network stability and user satisfaction. The efficacy of the approach is validated through simulations on the dataset, showing significant improvements in load balancing and reduced overload as the RL agent iteratively interacts with the environment and learns to dynamically adjust pricing strategies based on real-time demand patterns and station constraints. The findings highlight the potential of adaptive pricing and load-balancing strategies to address the complexities of EV infrastructure, paving the way for scalable and user-centric solutions.