Optimal Modification of Peak-Valley Period Under Multiple Time-of-Use Schemes Based on Dynamic Load Point Method Considering Reliability.

Time-of-use (TOU) is an effective price-based demand response strategy. A reasonable design of TOU strategy can effectively reduce the peak-valley difference, and then produce a lot of benefits (such as delaying power grid investment, reducing interruption cost, and improving reliability). However, changing peak-valley period has a great influence on the peak-valley difference and power supply reliability of power system. Therefore, this paper aims to investigate the optimal modification of peak-valley period considering reliability loss under multiple TOU schemes. Firstly, this paper presents a clustering model and algorithm of optimal load curve based on a minimum error iteration method. Secondly, an optimal modification of peak-valley period based on a dynamic load point method is proposed, and the traditional peak-valley difference is replaced by the global peak-valley difference to calculate the objective function. Thirdly, this paper establishes a load–reliability relation fitting model based on the back propagation neural network. Finally, the effectiveness and correctness of the proposed method are investigated by the Roy Billinton test system and reliability test system. [ABSTRACT FROM AUTHOR]