Smart Meter Tariff Design to Minimise Wholesale Risk

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Title: Smart Meter Tariff Design to Minimise Wholesale Risk
Authors: Rogers, William
Carroll, Paula
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Date: Jun-2016
Abstract: Smart metering in electricity markets offers an opportunity to explore more diversetariff structures. In this article a Genetic Algorithm (GA) is used to design Time ofUse tariffs that minimise the wholesale risk to the supplier in residential markets.Residential demand and the System Marginal Price of Ireland's Single ElectricityMarket are simulated to estimate the wholesale risk associated with each tariff.
Type of material: Journal Article
Publisher: Elsevier
Copyright (published version): 2016 Elsevier
Keywords: Smart Grid tariff designGenetic algorithmStochastic fitness function
DOI: 10.1016/j.endm.2016.03.004
Language: en
Status of Item: Peer reviewed
Conference Details: International Network Optimization Conference, Warsaw, Poland, 18-20 May 2015
Appears in Collections:Business Research Collection

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