Journal
INTERNATIONAL JOURNAL OF ELECTRICAL POWER & ENERGY SYSTEMS
Volume 100, Issue -, Pages 29-41Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.ijepes.2018.01.028
Keywords
Electrical load scheduling; Dynamic pricing of electricity; Price function; Customized prices; Electric battery; In-house renewable generation
Categories
Funding
- University Grants Commission, India
Ask authors/readers for more resources
In this paper we propose an optimization model for scheduling electrical appliances for an individual household. Here, customers are offered dynamic prices which are a function of that household's planned consumption and forecasted grid load. We consider a grid connected system with a battery and an in-house renewable energy generator in the proposed scheduling model. This model minimizes the customer's electricity bill subject to different constraints. We analyze our model with various pricing policies, price ranges and appliance operation windows. We find that the expenditure of the consumer decreases considerably in our model when shifting from flat prices to dynamic prices based on the forecasted grid load and the consumer's individual planned consumption. Considerable expenditure reduction and individual load flattening is achieved with the use of a battery and an in-house renewable energy generator. Also, larger the price range, higher is the load flattening and lower is the expenditure. We show that our proposed pricing policy is beneficial to both consumers and suppliers.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available