Development and Analysis of Dynamic Time Based Pricing Scheme, RTFPP for Residential Demand Response Program
Journal Title: STAR Journal - Year 2014, Vol 3, Issue 3
Abstract
Paper proposes fair and dynamic pricing strategy, Real Time Fair Peak Pricing (RTFPP), for residential demand response program which takes into account the intensity of increased load above baseline (must run load) of each user and charge accordingly. Proposed methodology has the potential to increase user confidence, by the induction of fairness and baseline flexibility, hence increasing participation in residential demand response programs for economic operation of system. An algorithm is developed to impose RTFPP scheme on given user, in peak periods, for billing. To show the benefits, diverse realistic user load profiles are imposed with developed algorithm in MATLAB and results are evaluated and analysed.
Authors and Affiliations
Mohsin Amin| Department of Electrical Engineering, COMSATS Institute of Information Technology, Abbottabad, Pakistan, Abdur Rashid| Department of Electrical Engineering, COMSATS Institute of Information Technology, Abbottabad, Pakistan, Aitazaz A. Raja| Department of Electrical Engineering, COMSATS Institute of Information Technology, Abbottabad, Pakistan
Keywords
Related Articles
- EP ID EP9699
- DOI http://dx.doi.org/10.4314/star.v3i3.26
- Views 319
- Downloads 16
Photo-catalytic Removal of Methyl Orange Dye by Polyaniline Modified ZnO using Visible Radiation
Polyaniline modified zinc oxide (PANI/ZnO) nanocomposite was synthesized by in-situ polymerization process. The as-synthesized nano-ZnO, PANI and PANI/ZnO nanocomposite were characterized by X-ray diffraction (XRD), FT...
Design and Analysis of Butterfly Valve Disc Using Aluminium (1100) and Al-CNT4% Composite Material
Aluminium (1100) is an extensively used material in the application of water line and drainage applications. If the aluminium (1100) surface contacts the water, an oxide layer will be formed and it prevents the corrosi...
Short Term Climate Trend and Variability around Woliso, Oromia Region, Central Ethiopia
No Abstract
Carcass Yield and Quality of Pork from Pigs Fed Graded Levels of Fig (Ficus sur) Fruits Mixed with Maize Grain
Twenty growing Yorkshire piglets of 27.8±1.4kg (mean ± SD) average initial weight were used to investigate the effect of feeding different proportions of ground Ficus sur fruits (FSF) mixed with ground maize grain (M...
Determination of Selected Essential and Non-essential Metals in the Stems and Leaves of Rhamnus prinoides (Gesho)
This study was carried out with the objective of determining the quantity of selected essential and nonessential metals; K, Na, Mg, Ca, Cu, Mn, Cr, Cd, Fe and Zn in the leaf and stem of Rhamnus prinoides. Samples were co...