Contract Capacities Selection for Time-of-Use Rate Users: A Genetic Algorithm ApproachContract Capacities Selection for Time-of-Use Rate Users • November 13th, 2005
This paper applies the Genetic Algorithm to the solution of the optimal contract capacities for the time-of-use rates industrial customers in Taiwan Power Company System. The maximum load of each time zone during the study period is used in this algorithm to solve the optimal annual contract capacities in each time zone. Two numerical examples are used to test this algorithm. The results show that the algorithm can reach the optimal contract capacities very efficiently while achieving the minimum electricity cost of an industrial customer in a year.
