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A Fair Pricing Mechanism in Smart Grids for Low Energy Consumption Users by Aurangzeb, Khursheed (author);Aslam, Sheraz (author);Mohsin, Syed Muhammad (author);Alhussein, Musaed (author) is a Engineering article available to read on EtoBox.

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Based on energy demand, consumers can be broadly categorized into low energy consumers (LECs) and high energy consumers (HECs). HECs use heavy load appliances, e.g., electric heaters and air conditioners, and LECs do not use heavy load appliances. Thus, HECs demand more energy compared to LECs. The usage of high energy consumption appliances by HECs leads to peak formation in various time intervals. Different pricing schemes, i.e., time of use (ToU), real time pricing (RTP), inclined block rate (IBR), and critical peak pricing (CPP), have been proposed previously. In ToU, an energy tariff is divided into three blocks, i.e., on-peak (high rates), off-peak (low rates), and mid-peak (between on-peak and offpeak rates) hours, and these rates are applied to all electricity users without distinction. The high energy demand by HECs causes the high peak formation; thus, higher rates should be applied to only HECs rather than all consumers, which is not the case in existing billing mechanisms. LECs are also charged higher rates in on-peak intervals and this billing mechanisms are unjustified. Thus, in this paper, a fair pricing scheme (FPS) based on power demand forecasting is developed to

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Author

Aurangzeb, Khursheed (author);Aslam, Sheraz (author);Mohsin, Syed Muhammad (author);Alhussein, Musaed (author)

Publisher

Institute of Electrical and Electronics Engineers (IEEE)

Published

2021

Language

EN

Field

Engineering (Physical Sciences)