The Bias in Price Elasticity Estimates Under Homothetic Separability: Implications for Analysis of Peak-Load Electricity Pricing

1983 ◽  
Vol 1 (3) ◽  
pp. 202-210 ◽  
Author(s):  
Daniel F. Kohler
2017 ◽  
Vol 2017 ◽  
pp. 1-13 ◽  
Author(s):  
Mao Tan ◽  
Hua-li Yang ◽  
Bin Duan ◽  
Yong-xin Su ◽  
Feng He

Time-of-Use (TOU) electricity pricing provides an opportunity for industrial users to cut electricity costs. Although many methods for Economic Load Dispatch (ELD) under TOU pricing in continuous industrial processing have been proposed, there are still difficulties in batch-type processing, since power load units are not directly adjustable and nonlinearly depend on production planning and scheduling. In this paper, for hot rolling, a typical batch-type and energy intensive process in steel industry, a production scheduling optimization model for ELD is proposed under TOU pricing, in which the objective is to minimize electricity costs while considering penalties caused by jumps between adjacent slabs. A NSGA-II based multiobjective production scheduling algorithm is developed to obtain Pareto optimal solutions, and then TOPSIS based multicriteria decision-making is performed to recommend an optimal solution to facilitate field operation. Experimental results and analyses show that the proposed method cuts electricity costs in production, especially in case of allowance for penalty score increase in a certain range. Further analyses show that the proposed method has effect on peak load regulation of power grid.


Author(s):  
Nur Azrina Mohd Azman ◽  
Md Pauzi Abdullah ◽  
Mohammad Yusri Hassan ◽  
Dalila Mat Said ◽  
Faridah Hussin ◽  
...  

<span>Load profile for residential users is different from commercial users where peak load occurs outside of work hours compared to working hours. Consequently, the Time of Use-based electricity price must be different not only in terms of price, but also in terms of time block structure. This paper examines the impacts of different TOU structures on TOU prices and load profiles of residential consumer. Four TOU structures are tested on the real load profile for a selected residential consumer area in Malaysia. Two elasticity factors are used for each structure to represent two different groups of users, a group that responds highly to price changes and a group that does not. The TOU price set for each structure is determined optimally subject to the following constraints; the price difference between the TOU and a fixed price per hour should be minimized and the amount of difference between price increase and price drop should be equal. From the analysis, the TOU structure with 12-time blocks provides better price signals and peak load reduction.</span>


Energies ◽  
2019 ◽  
Vol 12 (22) ◽  
pp. 4317 ◽  
Author(s):  
Jerzy Andruszkiewicz ◽  
Józef Lorenc ◽  
Agnieszka Weychan

The concept of price elasticity of demand has been widely used for the assessment of the consumers’ behavior in the electricity market. As the residential consumers represent a significant percentage of the total load, price elasticity of their demand may be used to design desirable demand side response programs in order to manage peak load in a power system. The method presented in this study proposes an alternative approach towards price elasticity determination for zonal tariff users, based on comparisons of load profiles of consumers settled according to flat and time-of-use electricity tariffs. A detailed explanation of the proposed method is presented, followed by a case-study of price elasticity determination for residential electricity consumers in Poland. The forecasted values of price elasticity of demand for the Polish households using time-of-use (TOU) tariff vary between −1.7 and −2.3, depending on the consumers’ annual electricity consumption. Moreover, an efficiency study of residential zonal tariff is performed to assess the operation of currently applicable electricity tariffs. Presented analysis is based on load profiles published by Distribution System Operators and statistical data, but the method can be applied to the real-life measurements from the smart metering systems as well when such systems are accessible for residential consumers.


Author(s):  
William Rhodes ◽  
Patrick Johnston ◽  
Song Han ◽  
Quentin McMullen ◽  
Lynne Hozik

The analysis of the previous results of the study on concrete stress-strain behavior at elevated temperatures has been carried out. Based on the analysis, the main reasons for strength retrogression and elastic modulus reduction of concrete have been identified. Despite a significant amount of research in this area, there is a large spread in experimental data received, both as a result of compression and tension. In addition, the deformation characteristics of concrete are insufficiently studied: the coefficient of transverse deformation, the limiting relative compression deformation corresponding to the peak load and the almost complete absence of studies of complete deformation diagrams at elevated temperatures. The two testing chambers provided creating the necessary temperature conditions for conducting studies under bending compression and tension have been developed. On the basis of the obtained experimental data of physical and mechanical characteristics of concrete at different temperatures under conditions of axial compression and tensile bending, conclusions about the nature of changes in strength and deformation characteristics have been drawn. Compression tests conducted following the method of concrete deformation complete curves provided obtaining diagrams not only at normal temperature, but also at elevated temperature. Based on the experimental results, dependences of changes in prism strength and elastic modulus as well as an equation for determining the relative deformation and stresses at elevated temperatures at all stages of concrete deterioration have been suggested.


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