Electricity demand response model for monopolised electricity market

Abstract

Demand response (DR) is changes created by customers according to accustomed electric patterns used in order to reduce or shift usage electrical load over time. Thus, it enable customer participation in reducing electricity consumption during peak hour period and increasing electricity consumption during off peak hour period This in turn will avoid an excessive utilization of generator during peak hour. This project was focusing on time based program which is consists of Time of Use (ToU) and Real Time Pricing (RTP). Time of Use (ToU) utilize in providing customer with different unit prices for uses in different block of times in 24 hour period while Real Time Pricing (RTP) work in offering the price that fluctuates hourly based on changes in market price. In order to implement time based program in Malaysia, a proper scheme pricing have been proposed. Generally, Malaysia is a monopolized electricity market in which wholesale market price does not existed. Referring on the current scenario, this project was developed to investigate a different pricing schemes demand response model and thus proposing a new pricing scheme to accommodate monopolized market. A comparison of pricing scheme utilize between three different industrial consumers will be discussed and stipulated as the outcome in this research.