Incentive-based RTP model for balanced and cost-effective smart grid

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WEB OF SCIENCE

6
Citations

SCOPUS

7

초록

The authors propose an intelligent real-time pricing (RTP)-based energy consumption scheduling model, which is especially applicable to more active and balanced demand management in a smart grid. Most previous research studies have not considered the incentive for subscribers who are more likely to move their consumption schedule to the off-peak period. Therefore, they considered the degree of the sacrifice made by each subscriber to determine an individualised price. As a result, the electricity unit price charged to each subscriber is different. An appropriate incentive coefficient is identified using a genetic algorithm and applied to the RTP model. This approach draws more active rescheduling of the energy consumption and enhances the fairness of a network. Compared with non-scheduling and day-ahead scheduling, the authors algorithm reduces the subscribers' total cost by an average of 24.9 and 15.9%, and increases the corresponding average fairness of the network by 16.7 and 5.4%, respectively. Moreover, they achieved a significant reduction in the peak-to-average-ratio.

키워드

genetic algorithms; power generation scheduling; demand side management; smart power grids; power consumption; electricity unit price; active rescheduling; active demand management; balanced demand management; energy consumption scheduling; incentive-based RTP model; cost-effective smart grid; balanced smart grid; intelligent real-time pricing; genetic algorithm; DEMAND-SIDE MANAGEMENT
제목
Incentive-based RTP model for balanced and cost-effective smart grid
저자
Seok, Hyesung; Kim, Sang Phil
DOI
10.1049/iet-gtd.2018.5916
발행일
2018-10-30
유형
Article
저널명
IET Generation, Transmission and Distribution
권
12
호
19
페이지
4327 ~ 4333