Dynamic pricing is a flexible billing model in which the cost of EV charging varies according to real-time conditions such as time of day, electricity demand, local grid constraints, or the availability of renewable energy.
This approach helps balance the power grid by encouraging drivers to charge during off-peak hours, when rates are lower and energy is cleaner.
In Canada and Québec, this concept is commonly associated with Time-of-Use (ToU) rates, peak shaving programmes, and Demand Response initiatives designed to optimize energy use while reducing operational costs for EV fleet operators.