The impact of probability of electricity price spike and outside temperature to define total expected cost for air conditioning

Marwan Marwan

Energy, 2020, vol. 195, issue C

Abstract: The purpose of this paper is to address the problems experienced by customers in the utilisation of electrical energy for air conditioners (ACs). According to the proposed schema in this paper, the customer will be able to evaluate the impacts of a probable electricity price spike and the outside temperature (Tout) to calculate the total expected electricity cost for an AC (TEC). The aim of this paper is to show how consumers can estimate the TEC for any temperature. In this research, a model considering two types of price spikes (PS) is developed, namely: short-duration and long-duration spikes. To evaluate and examine this model, spike durations of half hour, one hour, and one and half hour were simulated to determine TEC. This proposed schema also examines how the control system applies a pre-cooling method if there is a substantial risk of PS. The results present possible savings on the electrical energy consumption when the consumer applies this method to anticipate spike events. This model is tested considering the demand and market price curves of electricity in South Sulawesi, which were published by the Indonesian State Electricity Company (called PLN=Perusahaan Listrik Negara) and the value of Tout in the Makassar area.

Keywords: Expected cost; Price spike; Probability; Peak season; Pre-cooling (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:195:y:2020:i:c:s0360544220301018

DOI: 10.1016/j.energy.2020.116994

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