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

Abstract

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.

Authors:
 [1];  [1];  [1];  [1];  [2];  [1]
  1. Hunan Univ., Changsha (China)
  2. National Renewable Energy Lab. (NREL), Golden, CO (United States)
Publication Date:
Research Org.:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Org.:
USDOE Office of Energy Efficiency and Renewable Energy (EERE)
OSTI Identifier:
1395103
Report Number(s):
NREL/JA-5D00-68034
Journal ID: ISSN 1932-8184
Grant/Contract Number:  
AC36-08GO28308
Resource Type:
Accepted Manuscript
Journal Name:
IEEE Systems Journal
Additional Journal Information:
Journal Volume: 12; Journal Issue: 3; Journal ID: ISSN 1932-8184
Publisher:
IEEE
Country of Publication:
United States
Language:
English
Subject:
24 POWER TRANSMISSION AND DISTRIBUTION; energy conservation; energy efficiency; Pareto optimization; supply and demand; power systems

Citation Formats

Zhou, Bin, Yang, Rui, Li, Canbing, Cao, Yijia, Wang, Qin, and Liu, Ju. Multiobjective Model of Time-of-Use and Stepwise Power Tariff for Residential Consumers in Regulated Power Markets. United States: N. p., 2017. Web. doi:10.1109/JSYST.2017.2718046.
Zhou, Bin, Yang, Rui, Li, Canbing, Cao, Yijia, Wang, Qin, & Liu, Ju. Multiobjective Model of Time-of-Use and Stepwise Power Tariff for Residential Consumers in Regulated Power Markets. United States. doi:10.1109/JSYST.2017.2718046.
Zhou, Bin, Yang, Rui, Li, Canbing, Cao, Yijia, Wang, Qin, and Liu, Ju. Tue . "Multiobjective Model of Time-of-Use and Stepwise Power Tariff for Residential Consumers in Regulated Power Markets". United States. doi:10.1109/JSYST.2017.2718046. https://www.osti.gov/servlets/purl/1395103.
@article{osti_1395103,
title = {Multiobjective Model of Time-of-Use and Stepwise Power Tariff for Residential Consumers in Regulated Power Markets},
author = {Zhou, Bin and Yang, Rui and Li, Canbing and Cao, Yijia and Wang, Qin and Liu, Ju},
abstractNote = {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.},
doi = {10.1109/JSYST.2017.2718046},
journal = {IEEE Systems Journal},
number = 3,
volume = 12,
place = {United States},
year = {2017},
month = {7}
}

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