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Optimizing Brazil's regulated electricity market in the context of time-of-use rates and prosumers with energy storage systems

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  • Costa, Vinicius B.F.
  • Bonatto, Benedito D.
  • Silva, Patrícia F.

Abstract

The modeling of the regulated electricity market is essential since it allows the calculation of optimal rates by the regulatory agency, resulting in maximum socioeconomic welfare. Besides that, it is also possible to predict consumer behavior based on socioeconomic models. Therefore, under rate readjustments, energy shifting can be estimated and encouraged by the regulatory agency. This paper proposes major modifications to the optimized tariff model, originally developed for constant rates and grids without distributed energy resources, to model static time-of-use rates, distributed generation, and energy storage, enabling regulated electricity market optimization.

Suggested Citation

  • Costa, Vinicius B.F. & Bonatto, Benedito D. & Silva, Patrícia F., 2022. "Optimizing Brazil's regulated electricity market in the context of time-of-use rates and prosumers with energy storage systems," Utilities Policy, Elsevier, vol. 79(C).
    • Handle: RePEc:eee:juipol:v:79:y:2022:i:c:s0957178722001059
    DOI: 10.1016/j.jup.2022.101441
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    References listed on IDEAS

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    1. Yunusov, Timur & Torriti, Jacopo, 2021. "Distributional effects of Time of Use tariffs based on electricity demand and time use," Energy Policy, Elsevier, vol. 156(C).
    2. Li, Yuanyuan & Li, Junxiang & He, Jianjia & Zhang, Shuyuan, 2021. "The real-time pricing optimization model of smart grid based on the utility function of the logistic function," Energy, Elsevier, vol. 224(C).
    3. Haesum Ali & Akhtar Hussain & Van-Hai Bui & Jinhong Jeon & Hak-Man Kim, 2019. "Welfare Maximization-Based Distributed Demand Response for Islanded Multi-Microgrid Networks Using Diffusion Strategy," Energies, MDPI, vol. 12(19), pages 1-18, September.
    4. Leticia dos Santos Benso Maciel & Benedito Donizeti Bonatto & Hector Arango & Lucas Gustavo Arango, 2020. "Evaluating Public Policies for Fair Social Tariffs of Electricity in Brazil by Using an Economic Market Model," Energies, MDPI, vol. 13(18), pages 1-20, September.
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    Cited by:

    1. Costa, Vinicius Braga Ferreira da & Bonatto, Benedito Donizeti, 2023. "Cutting-edge public policy proposal to maximize the long-term benefits of distributed energy resources," Renewable Energy, Elsevier, vol. 203(C), pages 357-372.

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