Multiobjective Model of Time-of-Use and Stepwise Power Tariff for Residential Consumers in Regulated Power Markets

Journal Article · Tue Jul 04 00:00:00 EDT 2017 · IEEE Systems Journal

DOI:https://doi.org/10.1109/JSYST.2017.2718046· OSTI ID:1395103

Zhou, Bin ^[1]; Yang, Rui ^[1]; Li, Canbing ^[1]; Cao, Yijia ^[1]; Wang, Qin ^[2]; Liu, Ju ^[1]

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1. Hunan Univ., Changsha (China)
2. National Renewable Energy Lab. (NREL), Golden, CO (United States)

Here, time-of-use (TOU) rates and stepwise power tariff (SPT) are important economic levers to motivate residents to shift their electricity usage in response to electricity price. In this paper, a new multiobjective optimal tariff-making model of time-of-use and stepwise power tariff (TOUSPT) is proposed, which combines the complementary characteristics of two power tariffs, for residential energy conservation and peak load shaving. In the proposed approach, the residential demand response with price elasticity in regulated power market is considered to determine the optimum peak-valley TOU tariffs for each stepwise electricity partition. Furthermore, a practical case study is implemented to test the effectiveness of the proposed TOUSPT, and the results demonstrate that TOUSPT can achieve efficient end-use energy saving and also shift load from peak to off-peak periods.

• Research Organization: National Renewable Energy Lab. (NREL), Golden, CO (United States)
• Sponsoring Organization: USDOE Office of Energy Efficiency and Renewable Energy (EERE)
• Grant/Contract Number: AC36-08GO28308
• OSTI ID: 1395103
• Report Number(s): NREL/JA-5D00-68034
• Journal Information: IEEE Systems Journal, Vol. 12, Issue 3; ISSN 1932-8184
• Publisher: IEEE
• Country of Publication: United States
• Language: English

Related Subjects

24 POWER TRANSMISSION AND DISTRIBUTION
energy conservation
energy efficiency
Pareto optimization
supply and demand
power systems