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 language | English |
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Title of host publication | Proceedings of 2020 IEEE PES Innovative Smart Grid Technologies Europe, ISGT-Europe 2020 |
Publisher | IEEE |
Pages | 849-853 |
Number of pages | 5 |
ISBN (Electronic) | 9781728171005 |
DOIs | |
Publication status | Published - 2020 |
Event | 10th IEEE PES Innovative Smart Grid Technologies Europe, ISGT-Europe 2020 - Virtual/online event due to COVID-19, Delft, Netherlands Duration: 26 Oct 2020 → 28 Oct 2020 Conference number: 10 https://ieee-isgt-europe.org/ |
Publication series
Name | IEEE PES Innovative Smart Grid Technologies Conference Europe |
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Volume | 2020-October |
Conference
Conference | 10th IEEE PES Innovative Smart Grid Technologies Europe, ISGT-Europe 2020 |
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Abbreviated title | ISGT-Europe 2020 |
Country/Territory | Netherlands |
City | Delft |
Period | 26/10/20 → 28/10/20 |
Other | Virtual/online event due to COVID-19 |
Internet address |
Keywords
- Energy cost
- Load flattening
- Price ratio
- Segmented energy tariff