Optimal Flexible Load Programming Based on Time of Use Pricing for the Colombian Energy Market

Sergio Daniel Montana-Salas; Carlos Adrian Correa-Florez

doi:10.1109/ISGT-Europe54678.2022.9960568

Optimal Flexible Load Programming Based on Time of Use Pricing for the Colombian Energy Market

Sergio Daniel Montana-Salas
, Carlos Adrian Correa-Florez

Department of Electronic Engineering

Universidad Javeriana

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

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).

Original language	English
Title of host publication	Proceedings of 2022 IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT-Europe 2022
Publisher	IEEE Computer Society
ISBN (Electronic)	9781665480321
DOIs	https://doi.org/10.1109/ISGT-Europe54678.2022.9960568
State	Published - 2022
Event	2022 IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT-Europe 2022 - Novi Sad, Serbia Duration: 10 Oct 2022 → 12 Oct 2022

Publication series

Name	IEEE PES Innovative Smart Grid Technologies Conference Europe
Volume	2022-October

Conference

Conference	2022 IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT-Europe 2022
Country/Territory	Serbia
City	Novi Sad
Period	10/10/22 → 12/10/22

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Keywords

Demand response
Optimization
Photovoltaic generation systems
Storage systems

Access to Document

10.1109/ISGT-Europe54678.2022.9960568

Cite this

Montana-Salas, S. D., & Correa-Florez, C. A. (2022). Optimal Flexible Load Programming Based on Time of Use Pricing for the Colombian Energy Market. In Proceedings of 2022 IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT-Europe 2022 (IEEE PES Innovative Smart Grid Technologies Conference Europe; Vol. 2022-October). IEEE Computer Society. https://doi.org/10.1109/ISGT-Europe54678.2022.9960568

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title = "Optimal Flexible Load Programming Based on Time of Use Pricing for the Colombian Energy Market",

abstract = "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).",

keywords = "Demand response, Optimization, Photovoltaic generation systems, Storage systems",

author = "Montana-Salas, \{Sergio Daniel\} and Correa-Florez, \{Carlos Adrian\}",

note = "Publisher Copyright: {\textcopyright} 2022 IEEE.; 2022 IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT-Europe 2022 ; Conference date: 10-10-2022 Through 12-10-2022",

year = "2022",

doi = "10.1109/ISGT-Europe54678.2022.9960568",

language = "English",

series = "IEEE PES Innovative Smart Grid Technologies Conference Europe",

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Montana-Salas, SD & Correa-Florez, CA 2022, Optimal Flexible Load Programming Based on Time of Use Pricing for the Colombian Energy Market. in Proceedings of 2022 IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT-Europe 2022. IEEE PES Innovative Smart Grid Technologies Conference Europe, vol. 2022-October, IEEE Computer Society, 2022 IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT-Europe 2022, Novi Sad, Serbia, 10/10/22. https://doi.org/10.1109/ISGT-Europe54678.2022.9960568

Optimal Flexible Load Programming Based on Time of Use Pricing for the Colombian Energy Market. / Montana-Salas, Sergio Daniel; Correa-Florez, Carlos Adrian.
Proceedings of 2022 IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT-Europe 2022. IEEE Computer Society, 2022. (IEEE PES Innovative Smart Grid Technologies Conference Europe; Vol. 2022-October).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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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).

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KW - Optimization

KW - Photovoltaic generation systems

KW - Storage systems

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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

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Montana-Salas SD, Correa-Florez CA. Optimal Flexible Load Programming Based on Time of Use Pricing for the Colombian Energy Market. In Proceedings of 2022 IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT-Europe 2022. IEEE Computer Society. 2022. (IEEE PES Innovative Smart Grid Technologies Conference Europe). doi: 10.1109/ISGT-Europe54678.2022.9960568

Optimal Flexible Load Programming Based on Time of Use Pricing for the Colombian Energy Market

Abstract

Publication series

Conference

UN SDGs

Keywords

Access to Document

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