Coincident demand based Smart Long Run Incremental Cost pricing model

Amita Sharma, Rohit Bhakar, H. P. Tiwari

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Citation (Scopus)
139 Downloads (Pure)

Abstract

Impending Smart Grid environment can offer innovative solutions to alleviate network congestion through efficient network management. This paper proposes a coincident demand based Smart Long Run Incremental Cost (LRIC) pricing mechanism to provide efficient pricing signal to users for mitigating network congestion. Considering that future smart meters would measure user's coincident peak demand, the user is offered a coincident demand based Smart Pricing signal in a LRIC pricing framework. The proposed approach is applied on 22-bus practical Indian reference network. Users connected at the various nodes face network charges based on their coincident demand to each upstream asset. The results encourage users to modify their consumption pattern, and reduce their coincidence to network peak usage.

Original languageEnglish
Title of host publicationInternational Conference on Recent Advances and Innovations in Engineering, ICRAIE 2014
PublisherIEEE
ISBN (Print)9781479940400
DOIs
Publication statusPublished - 1 Jan 2014
EventInternational Conference on Recent Advances and Innovations in Engineering, ICRAIE 2014 - Jaipur, UK United Kingdom
Duration: 9 May 201411 May 2014

Conference

ConferenceInternational Conference on Recent Advances and Innovations in Engineering, ICRAIE 2014
CountryUK United Kingdom
CityJaipur
Period9/05/1411/05/14

Keywords

  • coincidence factor
  • LRIC
  • network pricing
  • smart grid

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