TY - GEN
T1 - Optimal Flexible Load Programming Based on Time of Use Pricing for the Colombian Energy Market
AU - Montana-Salas, Sergio Daniel
AU - Correa-Florez, Carlos Adrian
N1 - Publisher Copyright:
© 2022 IEEE.
PY - 2022
Y1 - 2022
N2 - This work presents an optimization model aiming to obtain the lowest final value of energy billing for residential and industrial users without altering the final electrical demand, providing flexibility and active participation, by means of changing customer consumption habits and including storage systems with the injection of photovoltaic systems. The presented model is based on Time of Use demand response methodology and uses hourly tariff defined by CREG in Resolution 015/2018, obtaining rates at three different levels to enable flexible demand scheduling. The proposed methodology allows to minimize energy billing according to the current regulation in Colombia related to hourly tariffs and shows savings of up to 73 % without considering capital expenditure (CapEx).
AB - This work presents an optimization model aiming to obtain the lowest final value of energy billing for residential and industrial users without altering the final electrical demand, providing flexibility and active participation, by means of changing customer consumption habits and including storage systems with the injection of photovoltaic systems. The presented model is based on Time of Use demand response methodology and uses hourly tariff defined by CREG in Resolution 015/2018, obtaining rates at three different levels to enable flexible demand scheduling. The proposed methodology allows to minimize energy billing according to the current regulation in Colombia related to hourly tariffs and shows savings of up to 73 % without considering capital expenditure (CapEx).
KW - Demand response
KW - Optimization
KW - Photovoltaic generation systems
KW - Storage systems
UR - http://www.scopus.com/inward/record.url?scp=85143813698&partnerID=8YFLogxK
U2 - 10.1109/ISGT-Europe54678.2022.9960568
DO - 10.1109/ISGT-Europe54678.2022.9960568
M3 - Conference contribution
AN - SCOPUS:85143813698
T3 - IEEE PES Innovative Smart Grid Technologies Conference Europe
BT - Proceedings of 2022 IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT-Europe 2022
PB - IEEE Computer Society
T2 - 2022 IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT-Europe 2022
Y2 - 10 October 2022 through 12 October 2022
ER -
