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

Author

Sheen, J.-N. ; Chen, C.-S. ; Yang, J.-K.

Author_Institution

Dept. of Electr. Eng., Nat. Sun Yat-Sen Univ., Kaohsiung, Taiwan

Volume

9

Issue

1

fYear

1994

fDate

2/1/1994 12:00:00 AM

Firstpage

388

Lastpage

396

Abstract

Load management 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. Proper TOU rate structure can actually reflect the generation cost of electricity supplying and give a guideline for customers to modify the power consumption pattern so that the system load factor can be improved. The inverse electricity pricing rule can be applied as the basis of TOU pricing. In this paper, the price-elasticities of industrial customers of Taipower system are solved by the statistical regression model with 2620 data samples

Keywords

costing; economics; electricity supply industry; load management; power consumption; tariffs; Taiwan; electric utilities; electricity; generation cost; industrial customers; load factor; load management; peak load pricing theory; power consumption pattern; price-elasticities; pricing; statistical regression model; time-of-use tariff; Cost function; Econometrics; Elasticity; Energy consumption; Fuel economy; Load management; Power generation economics; Power system management; Power systems; Pricing;

fLanguage

English

Journal_Title

Power Systems, IEEE Transactions on

Publisher

ieee

ISSN

0885-8950

Type

jour

DOI

10.1109/59.317586

Filename

317586