DocumentCode
2932692
Title
An Efficient Time-of-Use Pricing Model for a Retail Electricity Market Based on Pareto Improvement
Author
Liao Yingchen ; Chen Lu ; Chen Xingying
Author_Institution
Coll. of Energy & Electr. Eng., Hohai Univ., Nanjing, China
fYear
2011
fDate
25-28 March 2011
Firstpage
1
Lastpage
4
Abstract
Time-of-Use (TOU) pricing is one of Demand Response mechanisms that consumers shift load along with electricity price changes. A model of TOU pricing for a retail electricity market on Pareto Improvement method is proposed, based on the short-term marginal cost, considering the effect of consumer response by price elasticity matrix of electricity demand. The objective is minimum network losses while the profits of the suppliers and consumers don´t decrease. IEEE14 bus test case shows the validity of the model.
Keywords
Pareto analysis; power markets; pricing; retailing; Pareto improvement; electricity demand; price elasticity matrix; retail electricity market; shift load; short-term marginal cost; time-of-use pricing model; Automation; Biological system modeling; Elasticity; Electricity; Load modeling; Power systems; Pricing;
fLanguage
English
Publisher
ieee
Conference_Titel
Power and Energy Engineering Conference (APPEEC), 2011 Asia-Pacific
Conference_Location
Wuhan
ISSN
2157-4839
Print_ISBN
978-1-4244-6253-7
Type
conf
DOI
10.1109/APPEEC.2011.5748684
Filename
5748684
Link To Document