02 Residential Electricity Demand Management Through Tariff Structure: Agent-based Modeling

Authors

Abstract:

Recently, imbalances in the electricity production and consumption in Iran, have caused critical situations at specific times of the year; meanwhile, the residential sector, with a 51 percent share, is the main reason for peak demand crisis. According to the international experiences, it can be hoped that by revising the residential electricity tariff structure, consumption pattern in this sector would be modified. Therefore in this study, according to the country’s ongoing projects and infrastructures, a new electricity tariff structure which is a combination of time-of-use and maximum-demand pricing, has been proposed. In the second part of this study, by developing an agent-based model and applying this tariff to residential consumers, their consumption behavior in peak hours is simulated. The results of these simulations, showed that by offering this tariff to consumers, the average demand of peak-hours can be reduced by 6.15 percent

Upgrade to premium to download articles

Sign up to access the full text

Already have an account?login

similar resources

Rational habits in residential electricity demand

Dynamic partial adjustment models of residential electricity demand account for the fact that households may not adjust electricity consumption immediately in response to changes in prices, income, and other relevant factors, because of behavioral habits or adjustment costs for the capital stock of appliances. However, forward-looking behavior is generally neglected. Expectations about future p...

full text

A Hybrid Agent-Based Model for Estimating Residential Water Demand

The global effort toward sustainable development has initiated a transition in water management. Water utility companies use water-pricing policies as an instrument for controlling residential water demand. To support policy makers in their decisions, the authors have developed DAWN, a hybrid model for evaluating water-pricing policies. DAWN integrates an agent-based social model for the consum...

full text

Agent-Based Modeling of Day-Ahead Real Time Pricing in a Pool-Based Electricity Market

In this paper, an agent-based structure of the electricity retail market is presented based on which day-ahead (DA) energy procurement for customers is modeled. Here, we focus on operation of only one Retail Energy Provider (REP) agent who purchases energy from DA pool-based wholesale market and offers DA real time tariffs to a group of its customers. As a model of customer response to the offe...

full text

The Residential Demand for Electricity in New England

The residential demand for electricity, studied on the national level for many years, is here investigated on the regional level. A survey of the literature is first presented outlining past econometric work in the field of electrical energy demand. An econometric model is then presented using a 1970 cross-section of sixty-seven New England electric utilities and their service areas as the data...

full text

My Resources

Save resource for easier access later

Save to my library Already added to my library

{@ msg_add @}


Journal title

volume 6  issue 4

pages  47- 80

publication date 2021-02

By following a journal you will be notified via email when a new issue of this journal is published.

Keywords

No Keywords

Hosted on Doprax cloud platform doprax.com

copyright © 2015-2023