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Residential demand response scheme based on adaptive consumption level pricing

Demand side management; Economics; Electric utilities; Energy utilization; Housing; Sales; Advance metering infrastructure; Aggregate consumption; Consumption levels; Demand response; Energy bills; Pricing scheme; Smart grid; Time of use; Costs; adaptive management; demand-side management; energy co...

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Main Authors: Haider H.T., See O.H., Elmenreich W.
Other Authors: 57038392900
Format: Article
Published: Elsevier Ltd 2023
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spelling my.uniten.dspace-226332023-05-29T14:11:25Z Residential demand response scheme based on adaptive consumption level pricing Haider H.T. See O.H. Elmenreich W. 57038392900 16023044400 6505948861 Demand side management; Economics; Electric utilities; Energy utilization; Housing; Sales; Advance metering infrastructure; Aggregate consumption; Consumption levels; Demand response; Energy bills; Pricing scheme; Smart grid; Time of use; Costs; adaptive management; demand-side management; energy conservation; energy use; infrastructural development; price determination; residential energy Demand response aims to change the energy consumption patterns of normal customers in response to changes in price rate or incentive offers. This process reduces peak loads and in turn potentially lowers the energy cost for customers. In this study, we propose a new demand response scheme on the basis of an adaptive consumption level pricing scheme. On the one hand, this strategy encourages customers to manage their energy consumption and consequently lower their energy bill. On the other hand, it allows utilities to manage the aggregate consumption and predict load requirement. Unlike other pricing schemes, such as block tariff and time-of-use, the proposed pricing scheme can lower the energy bill of about 73% of customers, assuming that the total utility revenue is the same for all pricing schemes. On the basis of the currently available schemes in the literature, we find that the proposed method has significant advantages over other schemes in terms of fairness in charging customers. � 2016 Elsevier Ltd Final 2023-05-29T06:11:25Z 2023-05-29T06:11:25Z 2016 Article 10.1016/j.energy.2016.07.052 2-s2.0-84978435449 https://www.scopus.com/inward/record.uri?eid=2-s2.0-84978435449&doi=10.1016%2fj.energy.2016.07.052&partnerID=40&md5=fff58fbed96d9b7c403751e4d9bdad69 https://irepository.uniten.edu.my/handle/123456789/22633 113 301 308 Elsevier Ltd Scopus
institution Universiti Tenaga Nasional
building UNITEN Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tenaga Nasional
content_source UNITEN Institutional Repository
url_provider http://dspace.uniten.edu.my/
description Demand side management; Economics; Electric utilities; Energy utilization; Housing; Sales; Advance metering infrastructure; Aggregate consumption; Consumption levels; Demand response; Energy bills; Pricing scheme; Smart grid; Time of use; Costs; adaptive management; demand-side management; energy conservation; energy use; infrastructural development; price determination; residential energy
author2 57038392900
author_facet 57038392900
Haider H.T.
See O.H.
Elmenreich W.
format Article
author Haider H.T.
See O.H.
Elmenreich W.
spellingShingle Haider H.T.
See O.H.
Elmenreich W.
Residential demand response scheme based on adaptive consumption level pricing
author_sort Haider H.T.
title Residential demand response scheme based on adaptive consumption level pricing
title_short Residential demand response scheme based on adaptive consumption level pricing
title_full Residential demand response scheme based on adaptive consumption level pricing
title_fullStr Residential demand response scheme based on adaptive consumption level pricing
title_full_unstemmed Residential demand response scheme based on adaptive consumption level pricing
title_sort residential demand response scheme based on adaptive consumption level pricing
publisher Elsevier Ltd
publishDate 2023
_version_ 1806428496434561024
score 13.222552

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