A time-of-use pricing model of the electricity market considering system flexibility

This paper presents a time-of-use (TOU) pricing model of the electricity market that can capture the interaction between power plants, generation ramping, storage devices, electric vehicle loading, and electricity prices. Even though the model is calibrated to Chinese Fujian electricity market, it c...

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Bibliographic Details
Main Authors: Presley K. Wesseh, Jr., Boqiang Lin
Format: Article
Language:English
Published: Elsevier 2022-11-01
Series:Energy Reports
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2352484721014657