Economic and Operational Implications of Demand Charge for Distribution Systems with Renewable Energy
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Paper number
0183
Working Group Number
Conference name
CIRED 2018 Ljubljana Workshop
Conference date
7 - 8 June 2018
Conference location
Ljubljana, Slovenia
Peer-reviewed
Yes
Short title
Convener
Authors
fang, chen, Electric Power Research Institute, State Grid Shanghai Municipal Electric Power Company, China
Cao, Weibin, State Grid Shanghai Municipal Electric Power Company, China
Zhang, Duanhong, Shanghai Jiao Tong University, China
Feng, Donghan, Shanghai Jiao Tong University, China
Liu, Zeyu, Shanghai Jiao Tong University, China
Cao, Weibin, State Grid Shanghai Municipal Electric Power Company, China
Zhang, Duanhong, Shanghai Jiao Tong University, China
Feng, Donghan, Shanghai Jiao Tong University, China
Liu, Zeyu, Shanghai Jiao Tong University, China
Abstract
Demand charge is a tariff option widely used in commercial and industrial sectors. As the demand charge bills on the peak load within a specified period, it is considered a useful pricing tool when the net electricity usage is declining due to distributed renewable integration. We study the retail tariff design problem with demand charge to maximize the social welfare while maintains the utility’s break-even constraint. A Stackelberg game model is adopted to describe the interactions between the retailer and consumers. The tariff design problem is then formulated as a bi-level programming model and transformed into a mathematical program with equilibrium constraints (MPEC). Real-world demand and tariff data are used to show the economic and operational benefits of three different tariff designs.
Table of content
Keywords
Publisher
AIM
Date
2018-06-07
Permanent link to this record
https://www.cired-repository.org/handle/20.500.12455/1226
http://dx.doi.org/10.34890/364
http://dx.doi.org/10.34890/364
ISSN
2032-9628
ISBN
978-2-9602415-1-8