Study and Analysis of Dynamic Pricing in India and Proposing for Residential Consumers in Maharashtra
Year: 2019
Type: article
Abstract: Dynamic pricing is the most important tool in demand side management, that can offer variety of prices at various demand levels.This paper presents the existing electricity tariff structures around the globe with its risk and rewards.Also presents the analysis of availability of Time-of-Day (ToD) structure in different states of India like Maharashtra, Kerala, Karnataka, Gujarat, Chhattisgarh, Uttar Pradesh, Madhya Pradesh, Bihar, Assam, etc.To minimize the electricity bill, TOD model is discussed, which is already implemented in many countries for residential and non-residential sector like USA, Germany, Japan, China, etc.But in India TOD is available only for non-residential sector.Hence, this paper proposes the real time tariff model for residential sector in India to get the maximum benefit in electricity bill.The analysis of TOD model of different states in India is carried out through this paper and is proposed for Indian residential sector.The case study of a middle class family is carried out for understanding the effectiveness and benefits of TOD.Net metering is a rising concept which helps consumers to minimize their electricity bills by consuming selfgenerated electricity from sustainable vitality resources.It also facilitates consumers to sell the surplus vitality back to utility
Source: Helix
Authors: Archana S. Talhar, Sanjay B. Bodkhe
Language: English
Topic: Smart Grid Energy Management
Subfield: Electrical and Electronic Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W2944263201