Optimal Design of Retailer-Prosumer Electricity Tariffs Using Bilevel Optimization

We compare various flexible tariffs that have been proposed to cost-effectively govern a prosumer’s electricity management – in particular time-of-use (TOU), critical-peak-pricing (CPP), and a real-time-pricing tariff (RTP). As the outside option, we consider a fixed-price tariff (FP) that restricts the specific characteristics of TOU, CPP, and RTP, so that the flexible tariffs are at … Read more