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Distribution locational marginal pricing (DLMP) is critical market mechanism to boost services from distributed energy resources (DER). This paper propose to design zonal pricing in distribution network according to the concept of pricing equivalence (PE). The rules of the zonal pricing are derived. We prove that equivalent load shift from demand response can be achieved by zonal pricing if pricing...
Increasing environmental concerns have motivated efforts for the modernization of the power system recently. As a result, the distribution system (DS) has been given specific importance. Especially, residential end-users have been rendered active trough the introduction of several assets such as electric vehicles, energy storage systems and self-production units. Although many opportunities emerge...
In a liberalized electricity market, the introduction of dynamic pricing for residential consumers has consequences on the whole network structure. This structure consists out of all market participants and their interactions. To assess the impact of dynamic pricing, an accessible representation of the network structure is implemented in a networked business model applying the e3value methodology...
This paper presents the methodology, results and analysis of the feasibility of residential battery storage for energy arbitrage in the context of the Australian retail electricity market. The economic feasibility of a residential battery storage system was determined by its ability to achieve residential cost savings from undertaking energy arbitrage, which is: the implementation of a battery system...
Demand response (DR) is the outreach of demand side management (DSM) in competitive electricity markets. With price signals and incentive mechanisms, DR is crucial to both power system reliability and market efficiency. Based on DR research and experiences around the world, comprehensive research on DR in electricity markets is conducted, including its definition, classification, implementation mechanisms,...
This paper built the optimal multipart pricing model for the medium and small electricity customers applying with nonlinear pricing theory. This pricing model reflected the differences in demand characteristics between customers through differential pricing for different incremental purchase to guide the users to change the power consumption model, which could improve economic efficiency of pricing...
Household flat rate electricity tariffs have been ongoing for decades in the UK. The fitness of this type of tariffs is challenged in the new smart grid and smart metering environment, where demand responses are expected to play an important role to support the energy markets and the network. Generally speaking, most advanced electricity tariffs to date aim to reduce energy prices in a competitive...
The rate of using plugin hybrid electric vehicles (PHEV) will be increased in near future in Iran. In the present article, a comparison between existing electricity pricing method (BR) and time of use (TOU) demand response program was made in order to study whether consumers would be motivated purchasing PHEVs or not. The total monthly electricity consumption and the monthly electricity bill utilizing...
Recently, a massive focus has been made on DR programs, mainly on decreasing electricity price, resolving transmission lines congestion, reliability enhancement and market liquidity improving. Basically, demand response programs are separated into two main groups named, incentive-based programs and time-based programs. The focus of this paper is on Time of Use (TOU) program and Direct Load Control...
One of the main barriers to the deployment of Demand Response (DR) and Distributed Generation (DG) is the ex-ante assessment of their benefits. The aim of this study is to develop a general framework to evaluate this potential using day-ahead historical market data. We observe that profitability of DR-based strategies can be linked to several market characteristics. Among them are the price levels...
Recently implementation of Time of Use (TOU) program has been started in Iranian Power Systems by means of three tariffs digital meters. Time based rate Demand Response (DR) applicability, necessity of peak reduction (in peak hours) and increasing Load Factor (LF) are main reasons for installing the mentioned meters by Ministry of Energy. In this paper, TOU program is formulated based on economic...
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