Time-of-use pricing for load management programs in Taiwan Power Company

Journal Article · Tue Feb 01 00:00:00 EST 1994 · IEEE Transactions on Power Systems (Institute of Electrical and Electronics Engineers); (United States)

DOI:https://doi.org/10.1109/59.317586· OSTI ID:7199579

Sheen, J N; Chen, C S ^[1]; Yang, J K

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1. National Sun Yat-Sen Univ., Kaohsiung (Taiwan, Province of China). Dept. of Electrical Engineering

Load management (LM) programs have been actively performed by the utilities to reduce peak demand and improve system load factor. In recent years, the Time-of-Use (TOU) tariff based on the peak load pricing theory has been one of the most effective load management strategies. TOU pricing can either be applied as an LM program or as an incentive to drive the economics and the motivation to implement other types of LM programs. TOU pricing also can be taken as an involuntary way for consumers to adjust the electricity consumption among different time axis in accordance with the cost of electricity. It is found that the TOU electricity demand is own-price elastic stemming mainly from the voluntary nature of TOU structure in Taipower. The benefit resulting is generally consistent with the nature of industrial processes. According to the price-elasticity of customers' responsiveness in Taipower, the LM-TOU pricing of peak and mid-peak periods should be increased and the pricing of off-peak usage should be decreased. By the LM-TOU tariff proposed, the economics index has been significantly improved and the electricity consumption has been shifted from peak to off-peak period effectively.

• OSTI ID: 7199579
• Journal Information: IEEE Transactions on Power Systems (Institute of Electrical and Electronics Engineers); (United States), Vol. 9:1; ISSN 0885-8950
• Country of Publication: United States
• Language: English

Related Subjects

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
ELECTRIC UTILITIES
LOAD MANAGEMENT
INDUSTRY
TIME-OF-USE PRICING
OFF-PEAK POWER
PEAK-LOAD PRICING
ELECTRIC POWER
MANAGEMENT
POWER
PRICES
PUBLIC UTILITIES
320603* - Energy Conservation
Consumption
& Utilization- Municipalities & Community Systems- Public Utilities- (1980-)