Optimizing the time of use tariff with different scenarios of load management

Abstract

Demand Response program is applied in many countries as an effective instrument to regulate the electricity consumption. In this program, time of use (TOU) tariff is used widely. Optimal TOU pricing according to different objectives was mentioned in this paper such as peak load reduction, improving load curve, energy conservation, avoiding a new peak load. This is a problem with multiobjective functions in different unit of measurement and is solved by PSO algorithm. An example to find optimal TOU tariff for one utility is also presented in this paper.