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

Sheen, J.N.; Chen, C.-S.; Yang, Jung-Seok

doi:10.1109/59.317586

Cited by 72 publications

(25 citation statements)

References 10 publications

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“…Load management [1,6,7,12] is the process of scheduling the loads to reduce the electric energy consumption and or the maximum demand. It is basically optimizing the processes/loads to improve the system load factor.…”

Section: Load Managementmentioning

confidence: 99%

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00/02655 Load-management applications for the industrial sector

2000

Fuel and Energy Abstracts

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The goal of any load-management program is to maintain, as nearly as possible, a constant level of load, thereby allowing the system load factor to approach 100%. The important bene®ts of load management are reduction in maximum demand, reduction in power loss, better equipment utilisation and saving through reduced maximum demand charges. Load shifting, one of the simplest methods of load management, is to reduce customer demand during the peak period by shifting the use of appliances and equipment to partial peak and o-peak periods. Here no loads are being switched o, but only shifted or rescheduled, and hence the total production is not aected. In this paper, a fully¯edged program is developed for load shifting and the same has been tried with the actual load data collected from a typical fertiliser and chemical industry plant.

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Section: Load Managementmentioning

confidence: 99%

“…To encourage load shifting in industries, and thereby to reduce peak demand, many utilities have already implemented time of use rates (TOU) or have plans for introducing such rates [12].…”

Section: Load Managementmentioning

confidence: 99%

00/02655 Load-management applications for the industrial sector

2000

Fuel and Energy Abstracts

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“…In addition to TOU-based charge, electricity bill may include demand charges. It is defined as a charge that is determined by using the maximum demand (or peak demand) that is occurring during a certain billing period [22]. The demand charge is billed at a fixed rate, which is calculated on a per kW basis.…”

Section: Introductionmentioning

confidence: 99%

Grid-Tied Photovoltaic and Battery Storage Systems with Malaysian Electricity Tariff—A Review on Maximum Demand Shaving

et al. 2017

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Under the current energy sector framework of electricity tariff in Malaysia, commercial and industrial customers are required to pay the maximum demand (MD) charge apart from the net consumption charges every month. The maximum demand charge will contribute up to 20% of the electricity bill, and will hence result in commercial and industrial customers focussing on alternative energy supply to minimize the billing cost. This paper aims to review the technical assessment methods of a grid-connected solar photovoltaic (PV)-battery storage system-with respect to maximum demand shaving. An effective battery storage system can provide the extra energy needed during the peak energy consumption periods, as well as when renewable energy (RE) sources go offline. Based on the reviews, maximum demand shaving with good Return-of-Investment (ROI) can be achieved by considering the actual load profile, technical, and economic aspects of the solar PV-battery system and the Malaysian electricity tariff for commercial and industrial customers.

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“…A real example is reported by Sheen et al 1994 who described the TOU pricing model applied by the Taiwan power company at the end of the eighties. The model includes a profit ceiling constraint formulated as a function of the installed capacity.…”

Section: Profit Ceiling Constraintsmentioning

confidence: 99%

Dynamic pricing of electricity in retail markets

Triki

Violi

2007

4OR-Q J Oper Res

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This paper aims at defining a dynamic and flexible tariff structure for a distribution company that protects the retail consumers against the excessive fluctuations of the wholesales market prices. We propose a two-stage pricing scheme that sets in a first-stage a time-of-use tariff that is corrected later by a dynamic component once the real-time demand has been observed. A personalized tariff scheme may be offered by a distribution company to each dynamic customer by allowing him to choose the appropriate robustness level expressed in terms of variability between the first-and the second-stage decisions. The arising limited recourse model has been tested on realistic test problems, by using a slight modification of a recently proposed interior point solution framework.

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

Cited by 72 publications

References 10 publications

00/02655 Load-management applications for the industrial sector

00/02655 Load-management applications for the industrial sector

Grid-Tied Photovoltaic and Battery Storage Systems with Malaysian Electricity Tariff—A Review on Maximum Demand Shaving

Dynamic pricing of electricity in retail markets

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