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http://dx.doi.org/10.17661/jkiiect.2020.13.2.159

Design and Impact Analysis of Time-Of-Use Pricing based on Progressive Pricing  

Cho, Kyu-Sang (Department of Electronic Engineering, Gachon University)
Son, Sung-Yong (Department of Electronic Engineering, Gachon University)
Publication Information
The Journal of Korea Institute of Information, Electronics, and Communication Technology / v.13, no.2, 2020 , pp. 159-168 More about this Journal
Abstract
Current residential electricity rates, which are charged regardless of consumption patterns, have a problem of restricting consumer choice. In order to improve the problem, the Korea government started a demonstration project based on Time-Of-Use(TOU) pricing from September 2019. However, the analysis of its effect is still limited. This study analyzed the changes and limitations of TOU pricing compared to the current progressive pricing. The result showed that the high rate payer's bill decreased by up to 33.8 % while the low rate payer's bill increased by up to 117.7 %. This can lead to the problem of accepting electricity rates from a social point of view. In this study, TOU pricing based on progressive pricing was proposed to overcome the problem. The results presented the rate changes depending on the power consumption patterns while decreasing the average rate change from 32 % to -1.9 %. It means that the proposed pricing can support the TOU effect while maintaining the framework of the existing progressive pricing.
Keywords
Electricity consumption data; Electric pricing; Progressive pricing; Residential service; Time-Of-Use pricing;
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