Abstract

Demand response (DR) can offer various benefits depending on the purpose of the use. In this paper, DR is deployed to curtail peak loads, and we propose the methodology to determine DR pricing for Thailand electricity market. The optimal DR interval pricing is determined to maximize benefits of utility and DR participants for different DR scheduling times. The numerical results show that the prices during DR events must be higher than the current tariff to some degree to change customers' electricity consumption behavior. However, with this proposed DR schemes, the total benefit of utility and DR participants is positive, but DR participants may not join the program if there are no proper incentives or for another option, a proper allocation of benefits between the utility and DR participants is required.

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