Time-of-use price optimizing model and its solving method

Abstract

Time-of-use (TOU) price can reduce load of power grids fluctuation effectively and increase the efficiency of electric power system operation.The key to the successful implementation of TOU price is the establishment of TOU price. The TOU price optimization model is based on price elasticity matrix of demand.The optimizing model is a non-linear multiple objects optimal model and it is solved by ideal point method.At last it is proved by example that TOU price optimization model can avoid the peak load and it is also feasibility.