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Optimal TOU tariff design using robust intuitionistic fuzzy divergence based thresholding

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  • Charwand, Mansour
  • Gitizadeh, Mohsen

Abstract

This paper proposes a robust midterm framework to determine optimal time-of-use (TOU) electricity pricing for retailers using intuitionistic fuzzy divergence based thresholding. It will analyze load profile and perform a comprehensive evaluation of load violation and uncertainty as well by exponential intuitionistic fuzzy entropy. The key advantage is that the proposed method will handle uncertain behavior of load and wholesale price with membership and non-membership functions. In the proposed algorithm client response to the retailer prices and the competition among rival retailers have been explicitly taken into account. The proposed scheme can be applied to several pricing policies where the peak-to-average ratio (PAR) will be decreased. The model is implemented on a realistic case in which the superior performance of the proposed method is demonstrated.

Suggested Citation

  • Charwand, Mansour & Gitizadeh, Mohsen, 2018. "Optimal TOU tariff design using robust intuitionistic fuzzy divergence based thresholding," Energy, Elsevier, vol. 147(C), pages 655-662.
    • Handle: RePEc:eee:energy:v:147:y:2018:i:c:p:655-662
    DOI: 10.1016/j.energy.2017.11.121
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    References listed on IDEAS

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    Cited by:

    1. Wanlei Xue & Xin Zhao & Yan Li & Ying Mu & Haisheng Tan & Yixin Jia & Xuejie Wang & Huiru Zhao & Yihang Zhao, 2023. "Research on the Optimal Design of Seasonal Time-of-Use Tariff Based on the Price Elasticity of Electricity Demand," Energies, MDPI, vol. 16(4), pages 1-17, February.
    2. Tsao, Yu-Chung & Thanh, Vo-Van & Lu, Jye-Chyi, 2022. "Efficiency of resilient three-part tariff pricing schemes in residential power markets," Energy, Elsevier, vol. 239(PD).

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