The Impact of Time-of-Use (TOU) Rate Structure on Consumption Patterns of the Residential Customers

• Published in: IEEE transactions on industry applications Vol. 53; no. 6; pp. 5130 - 5138
• Main Authors: Zhao, Long, Yang, Zhiyong, Lee, Wei-Jen
• Format: Journal Article
• Language: English
• Published: IEEE 01.11.2017
• Subjects: Companies; Demand response (DR); demand-side management; Electric Reliability Council of Texas (ERCOT); electricity market; Electricity supply industry; Power system reliability; Power system stability; Pricing; Reliability; retail market; smart grid; Smart grids; time-of-use (TOU)

Load participation is vital for the smart grid development. As an effective tool to improve reliability, stability, and financial efficiency of the power grids, demand response (DR) has brought significant financial and technical benefits to power systems. As one of the price-based DR programs with...