A MILP Framework for Electricity Tariff-choosing Decision Process in Smart Homes Considering ‘Happy Hours’ Tariffs

Abstract

owadays, electricity end users can choose among a huge variety of different electricity plans on a deregulated energy market. The wide variety of tariffs besides the advent of novel agents like smart consumers and prosumers, are becoming the tariff-choosing process more complex. This paper proposes a MILP optimization framework which aims at facilitating this task. More precisely, the main endings of the developed framework are: (i) determine the most suitable tariff for smart consumers and prosumers based on historical consumption data, (ii) determine the optimal hours to be hired for a so-called ‘Happy hours’ tariff plan. In addition, other useful results can be directly obtained from the developed tool. The developed approach carries out a MILP optimization framework for optimal scheduling a series of flexible appliances through various characteristic days obtained from clustering historical collected data …