Segmented energy tariff design for flattening load demand profile

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Abstract

In this paper, a segmented energy tariff design is proposed to incentivize consumers to flatten load demand. This energy tariff focuses on consumption levels instead of consumption periods. Energy storage is an effective strategy to help to maintain the imported energy from grid below the threshold without affecting the comfort of energy consuming. From economic perspective, both battery size and segmented energy prices should be considered to minimize the total energy cost. For the considered home battery system, when the threshold value and battery size is larger than 0.45 kWh and 3 kWh respectively, the imported energy from grid is zero. When the price ratio is larger than 9, it is beneficial for consumers to response to load flattening with battery to reduce energy cost. It is recommended that policy makers or electricity regulators take the tariff incentive into account to make it attractive for consumers to respond to load flattening.

Original languageEnglish
Title of host publicationProceedings of 2020 IEEE PES Innovative Smart Grid Technologies Europe, ISGT-Europe 2020
PublisherIEEE
Pages849-853
Number of pages5
ISBN (Electronic)9781728171005
DOIs
Publication statusPublished - 2020
Event10th IEEE PES Innovative Smart Grid Technologies Europe, ISGT-Europe 2020 - Virtual/online event due to COVID-19, Delft, Netherlands
Duration: 26 Oct 202028 Oct 2020
Conference number: 10
https://ieee-isgt-europe.org/

Publication series

NameIEEE PES Innovative Smart Grid Technologies Conference Europe
Volume2020-October

Conference

Conference10th IEEE PES Innovative Smart Grid Technologies Europe, ISGT-Europe 2020
Abbreviated titleISGT-Europe 2020
CountryNetherlands
CityDelft
Period26/10/2028/10/20
OtherVirtual/online event due to COVID-19
Internet address

Keywords

  • Energy cost
  • Load flattening
  • Price ratio
  • Segmented energy tariff

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