Methods and attributes for customer-centric dynamic electricity tariff design: a review
Most of the developed and developing countries around the world are delving into the implementation of demand response (DR) strategies in demand side management (DSM) to meet the needs of their own power industry and customers. Some major segments of demand response strategies are, customer segmenta...
| Hauptverfasser: | , , , , |
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| Format: | Artikel |
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Elsevier
2024
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| _version_ | 1825939764050657280 |
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| author | Rahman, Tasmeea Othman, Mohammad Lutfi Mohd Noor, Samsul Bahari Wan Ahmad, Wan Fatinhamamah Sulaima, Mohamad Fani |
| author_facet | Rahman, Tasmeea Othman, Mohammad Lutfi Mohd Noor, Samsul Bahari Wan Ahmad, Wan Fatinhamamah Sulaima, Mohamad Fani |
| author_sort | Rahman, Tasmeea |
| collection | UPM |
| description | Most of the developed and developing countries around the world are delving into the implementation of demand response (DR) strategies in demand side management (DSM) to meet the needs of their own power industry and customers. Some major segments of demand response strategies are, customer segmentation, demand/price forecasting to design customer-oriented dynamic tariff that influences the customer engagement in those strategies. One of the crucial factors that influence customer engagement in those strategies is the input variables or attributes selected to conduct precise customer segmentation, which leads to precise and more accurate demand/price forecasting to design customer-centric dynamic tariff. Most of the existing literature focused on either one of those segments but a collective review on all these segments, particularly focusing on the methods and market attributes, is yet to be conducted. This study reviews the recent existing literature on customer segmentation, demand/price forecasting, customer engagement strategies for dynamic tariff design in power industry to map out the appropriate methods for respective input attributes from the electricity market. For this purpose, the input attributes in the electricity market have been divided into six broad categories and for each attribute category, appropriate methods have been illustrated through a proposed framework based on existing literature. |
| first_indexed | 2024-09-25T03:42:08Z |
| format | Article |
| id | upm.eprints-109397 |
| institution | Universiti Putra Malaysia |
| last_indexed | 2024-09-25T03:42:08Z |
| publishDate | 2024 |
| publisher | Elsevier |
| record_format | dspace |
| spelling | upm.eprints-1093972024-08-05T02:53:21Z http://psasir.upm.edu.my/id/eprint/109397/ Methods and attributes for customer-centric dynamic electricity tariff design: a review Rahman, Tasmeea Othman, Mohammad Lutfi Mohd Noor, Samsul Bahari Wan Ahmad, Wan Fatinhamamah Sulaima, Mohamad Fani Most of the developed and developing countries around the world are delving into the implementation of demand response (DR) strategies in demand side management (DSM) to meet the needs of their own power industry and customers. Some major segments of demand response strategies are, customer segmentation, demand/price forecasting to design customer-oriented dynamic tariff that influences the customer engagement in those strategies. One of the crucial factors that influence customer engagement in those strategies is the input variables or attributes selected to conduct precise customer segmentation, which leads to precise and more accurate demand/price forecasting to design customer-centric dynamic tariff. Most of the existing literature focused on either one of those segments but a collective review on all these segments, particularly focusing on the methods and market attributes, is yet to be conducted. This study reviews the recent existing literature on customer segmentation, demand/price forecasting, customer engagement strategies for dynamic tariff design in power industry to map out the appropriate methods for respective input attributes from the electricity market. For this purpose, the input attributes in the electricity market have been divided into six broad categories and for each attribute category, appropriate methods have been illustrated through a proposed framework based on existing literature. Elsevier 2024-03 Article PeerReviewed Rahman, Tasmeea and Othman, Mohammad Lutfi and Mohd Noor, Samsul Bahari and Wan Ahmad, Wan Fatinhamamah and Sulaima, Mohamad Fani (2024) Methods and attributes for customer-centric dynamic electricity tariff design: a review. Renewable and Sustainable Energy Reviews, 192. art. no. 114228. pp. 1-28. ISSN 1364-0321; ESSN: 1879-0690 https://www.sciencedirect.com/science/article/pii/S1364032123010869?via%3Dihub 10.1016/j.rser.2023.114228 |
| spellingShingle | Rahman, Tasmeea Othman, Mohammad Lutfi Mohd Noor, Samsul Bahari Wan Ahmad, Wan Fatinhamamah Sulaima, Mohamad Fani Methods and attributes for customer-centric dynamic electricity tariff design: a review |
| title | Methods and attributes for customer-centric dynamic electricity tariff design: a review |
| title_full | Methods and attributes for customer-centric dynamic electricity tariff design: a review |
| title_fullStr | Methods and attributes for customer-centric dynamic electricity tariff design: a review |
| title_full_unstemmed | Methods and attributes for customer-centric dynamic electricity tariff design: a review |
| title_short | Methods and attributes for customer-centric dynamic electricity tariff design: a review |
| title_sort | methods and attributes for customer centric dynamic electricity tariff design a review |
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