Setting TOU electricity tariffs for NTU electricity consumers
With rising electricity costs and advanced technology advancements, it has stimulated considerable research in the area of residential consumers’ electricity usage. Two important focuses in the area of consumer response are electricity consumption costs and price based programs that determine the pr...
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| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2014
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| Online Access: | http://hdl.handle.net/10356/60202 |
| _version_ | 1824455331531456512 |
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| author | Goh, Michael Yeow Liang |
| author2 | Gooi Hoay Beng |
| author_facet | Gooi Hoay Beng Goh, Michael Yeow Liang |
| author_sort | Goh, Michael Yeow Liang |
| collection | NTU |
| description | With rising electricity costs and advanced technology advancements, it has stimulated considerable research in the area of residential consumers’ electricity usage. Two important focuses in the area of consumer response are electricity consumption costs and price based programs that determine the prices for the electricity in accordance to the time-of-use (TOU). Power generation companies all over the world are able to make use of advanced metering infrastructure to tackle these two focuses. Advanced metering infrastructure consists of smart meters which allow residential consumers to check real time electricity consumption which can implement different kind of tariff schemes other than the flat rate tariff scheme
One of the price based programs is the time-of-use (TOU) rate tariff scheme. The two-tier TOU rate tariff scheme consists of two prices which are the TOU peak and non-peak rates. Under this scheme, residential consumers are charged based on peak and non-peak electricity rates during the respective peak and non-peak periods of the month. Currently, NTU buys electricity from Senoko Energy in their distribution of electricity to household users, building users and tenants, canteen operators and respective consumers. Traditionally, residential consumers pay flat rate tariff throughout the 24-hour period in a day. To see if this TOU rate tariff scheme is feasible for adoption in NTU, a demand response management analysis consisting of a two tier TOU algorithm for existing smart meters’ data is conducted for this purpose. |
| first_indexed | 2025-02-19T03:36:31Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/60202 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2025-02-19T03:36:31Z |
| publishDate | 2014 |
| record_format | dspace |
| spelling | ntu-10356/602022023-07-07T16:24:55Z Setting TOU electricity tariffs for NTU electricity consumers Goh, Michael Yeow Liang Gooi Hoay Beng School of Electrical and Electronic Engineering DRNTU::Engineering::Electrical and electronic engineering::Electric power::Auxiliaries, applications and electric industries With rising electricity costs and advanced technology advancements, it has stimulated considerable research in the area of residential consumers’ electricity usage. Two important focuses in the area of consumer response are electricity consumption costs and price based programs that determine the prices for the electricity in accordance to the time-of-use (TOU). Power generation companies all over the world are able to make use of advanced metering infrastructure to tackle these two focuses. Advanced metering infrastructure consists of smart meters which allow residential consumers to check real time electricity consumption which can implement different kind of tariff schemes other than the flat rate tariff scheme One of the price based programs is the time-of-use (TOU) rate tariff scheme. The two-tier TOU rate tariff scheme consists of two prices which are the TOU peak and non-peak rates. Under this scheme, residential consumers are charged based on peak and non-peak electricity rates during the respective peak and non-peak periods of the month. Currently, NTU buys electricity from Senoko Energy in their distribution of electricity to household users, building users and tenants, canteen operators and respective consumers. Traditionally, residential consumers pay flat rate tariff throughout the 24-hour period in a day. To see if this TOU rate tariff scheme is feasible for adoption in NTU, a demand response management analysis consisting of a two tier TOU algorithm for existing smart meters’ data is conducted for this purpose. Bachelor of Engineering 2014-05-23T06:41:32Z 2014-05-23T06:41:32Z 2014 2014 Final Year Project (FYP) http://hdl.handle.net/10356/60202 en Nanyang Technological University 69 p. application/pdf |
| spellingShingle | DRNTU::Engineering::Electrical and electronic engineering::Electric power::Auxiliaries, applications and electric industries Goh, Michael Yeow Liang Setting TOU electricity tariffs for NTU electricity consumers |
| title | Setting TOU electricity tariffs for NTU electricity consumers |
| title_full | Setting TOU electricity tariffs for NTU electricity consumers |
| title_fullStr | Setting TOU electricity tariffs for NTU electricity consumers |
| title_full_unstemmed | Setting TOU electricity tariffs for NTU electricity consumers |
| title_short | Setting TOU electricity tariffs for NTU electricity consumers |
| title_sort | setting tou electricity tariffs for ntu electricity consumers |
| topic | DRNTU::Engineering::Electrical and electronic engineering::Electric power::Auxiliaries, applications and electric industries |
| url | http://hdl.handle.net/10356/60202 |
| work_keys_str_mv | AT gohmichaelyeowliang settingtouelectricitytariffsforntuelectricityconsumers |