Optimal Time-of-Use Price Strategy With Selecting Customer's Range Based on Cost

The traditional time-of-use price policy ignores the user’s willingness. And the modeling of users’ response behavior does not consider the cost for users’ adjustment of electricity consumption, and the range of users cannot be selected theoretically. Therefore, this paper proposes an optimal time-o...

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Main Authors: Jianping HUANG, Haoyong CHEN, Jiayu ZHONG, Wutao CHEN, Shengzhi DUAN, Xiaodong ZHENG
Format: Article
Language:zho
Published: State Grid Energy Research Institute 2020-09-01
Series:Zhongguo dianli
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Online Access:https://www.electricpower.com.cn/CN/10.11930/j.issn.1004-9649.202003059
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author Jianping HUANG
Haoyong CHEN
Jiayu ZHONG
Wutao CHEN
Shengzhi DUAN
Xiaodong ZHENG
author_facet Jianping HUANG
Haoyong CHEN
Jiayu ZHONG
Wutao CHEN
Shengzhi DUAN
Xiaodong ZHENG
author_sort Jianping HUANG
collection DOAJ
description The traditional time-of-use price policy ignores the user’s willingness. And the modeling of users’ response behavior does not consider the cost for users’ adjustment of electricity consumption, and the range of users cannot be selected theoretically. Therefore, this paper proposes an optimal time-of-use price strategy for selecting user's range based on cost. The relationship between the extra cost generated by the user's adjustment of electricity consumption behavior and the saved electricity consumption cost is analyzed. Then a model for electricity price and electricity response behavior under the time-of-use electricity price mechanism is derived. When the user's production cost after changing the electricity consumption behavior is higher than the price before the time-of-use price is implemented, the user's willingness to participate in the time-of-use price policy is evaluated as zero, and the user is not included for implementation of the time-of-use electricity price. The simulation and experimental results show that compared with the traditional time-of-use electricity price model that does not select the customer's range, the proposed model can reflect the adjusting process of user’s electricity consumption behavior, and can scientifically select the use’s range to participate in the time-of-use electricity price policy, and can achieve the best total benefits for the power grid and users.
format Article
id doaj-art-0f239ddced104be29cb462e1bd3b86cf
institution DOAJ
issn 1004-9649
language zho
publishDate 2020-09-01
publisher State Grid Energy Research Institute
record_format Article
series Zhongguo dianli
spelling doaj-art-0f239ddced104be29cb462e1bd3b86cf2025-08-20T02:52:37ZzhoState Grid Energy Research InstituteZhongguo dianli1004-96492020-09-0153910711610.11930/j.issn.1004-9649.202003059zgdl-53-09-huangjinapingOptimal Time-of-Use Price Strategy With Selecting Customer's Range Based on CostJianping HUANG0Haoyong CHEN1Jiayu ZHONG2Wutao CHEN3Shengzhi DUAN4Xiaodong ZHENG5School of Electric Power, South China University of Technology, Guangzhou 510640, ChinaSchool of Electric Power, South China University of Technology, Guangzhou 510640, ChinaSchool of Electric Power, South China University of Technology, Guangzhou 510640, ChinaSchool of Electric Power, South China University of Technology, Guangzhou 510640, ChinaSchool of Electric Power, South China University of Technology, Guangzhou 510640, ChinaSchool of Electric Power, South China University of Technology, Guangzhou 510640, ChinaThe traditional time-of-use price policy ignores the user’s willingness. And the modeling of users’ response behavior does not consider the cost for users’ adjustment of electricity consumption, and the range of users cannot be selected theoretically. Therefore, this paper proposes an optimal time-of-use price strategy for selecting user's range based on cost. The relationship between the extra cost generated by the user's adjustment of electricity consumption behavior and the saved electricity consumption cost is analyzed. Then a model for electricity price and electricity response behavior under the time-of-use electricity price mechanism is derived. When the user's production cost after changing the electricity consumption behavior is higher than the price before the time-of-use price is implemented, the user's willingness to participate in the time-of-use price policy is evaluated as zero, and the user is not included for implementation of the time-of-use electricity price. The simulation and experimental results show that compared with the traditional time-of-use electricity price model that does not select the customer's range, the proposed model can reflect the adjusting process of user’s electricity consumption behavior, and can scientifically select the use’s range to participate in the time-of-use electricity price policy, and can achieve the best total benefits for the power grid and users.https://www.electricpower.com.cn/CN/10.11930/j.issn.1004-9649.202003059time-of-use pricecustomer's behaviorcustomer's costcustomer's rangesocial welfare
spellingShingle Jianping HUANG
Haoyong CHEN
Jiayu ZHONG
Wutao CHEN
Shengzhi DUAN
Xiaodong ZHENG
Optimal Time-of-Use Price Strategy With Selecting Customer's Range Based on Cost
Zhongguo dianli
time-of-use price
customer's behavior
customer's cost
customer's range
social welfare
title Optimal Time-of-Use Price Strategy With Selecting Customer's Range Based on Cost
title_full Optimal Time-of-Use Price Strategy With Selecting Customer's Range Based on Cost
title_fullStr Optimal Time-of-Use Price Strategy With Selecting Customer's Range Based on Cost
title_full_unstemmed Optimal Time-of-Use Price Strategy With Selecting Customer's Range Based on Cost
title_short Optimal Time-of-Use Price Strategy With Selecting Customer's Range Based on Cost
title_sort optimal time of use price strategy with selecting customer s range based on cost
topic time-of-use price
customer's behavior
customer's cost
customer's range
social welfare
url https://www.electricpower.com.cn/CN/10.11930/j.issn.1004-9649.202003059
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AT wutaochen optimaltimeofusepricestrategywithselectingcustomersrangebasedoncost
AT shengzhiduan optimaltimeofusepricestrategywithselectingcustomersrangebasedoncost
AT xiaodongzheng optimaltimeofusepricestrategywithselectingcustomersrangebasedoncost