E3S Web Conf.
Volume 182, 20202020 10th International Conference on Power, Energy and Electrical Engineering (CPEEE 2020)
|Number of page(s)||6|
|Section||Modern Power System Control and Operation|
|Published online||31 July 2020|
A time-of-use based electricity price package mechanism in retail market considering consumers’ diversity
1 Power Dispatch and Control Centre, Guangdong Power Grid Co. Ltd., Guangzhou 510000, China
2 State Key Lab of Control and Simulation of Power Systems and Generation Equipments, Dept. of Electrical Engineering, Tsinghua University, Beijing 100084, China
* Corresponding author: firstname.lastname@example.org
In the deregulated retail market, consumers should have more right of choice for paying for their energy demand. This paper focuses on the design of electricity price package mechanism in retail market considering the demand elasticity of consumers. An optimal price package mechanism is proposed to incentivize consumers for peak-clipping/valley-filling. Consumers are able to choose the appropriate one from a set of price packages, each of which consists of specific time-of-use energy price and maximum-demand price. A numerical case study has shown the usefulness and effectiveness of the proposed mechanism.
© The Authors, published by EDP Sciences, 2020
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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