Demand response program evaluation for plugin hybrid electric vehicles purchase encouragement

Author

Jahromi, M. Hossein Moayyed ; Asaei, Behzad ; Haghdadi, Navid

Author_Institution

ECE Dept., Univ. of Tehran, Tehran, Iran

fYear

2011

fDate

15-17 Nov. 2011

Firstpage

1

Lastpage

6

Abstract

The rate of using plugin hybrid electric vehicles (PHEV) will be increased in near future in Iran. In the present article, a comparison between existing electricity pricing method (BR) and time of use (TOU) demand response program was made in order to study whether consumers would be motivated purchasing PHEVs or not. The total monthly electricity consumption and the monthly electricity bill utilizing both methods are calculated. Aimed at economic viability evaluation, rate of return (ROR) and net present value (NPV) are calculated in different cases. A motivating loan is entered to cost and benefit analysis and further economic analysis is made.

Keywords

demand side management; hybrid electric vehicles; power consumption; pricing; PHEV purchasing; economic analysis; economic viability evaluation; electricity bill; electricity consumption; electricity pricing method; net present value; plugin hybrid electric vehicle purchase encouragement; time of use demand response program evaluation; Economics; Electricity; Hybrid electric vehicles; Load management; Petroleum; Pricing; PHEV; TOU; demand response; economic viability;

fLanguage

English

Publisher

ieee

Conference_Titel

Electric Power and Energy Conversion Systems (EPECS), 2011 2nd International Conference on

Conference_Location

Sharjah

Print_ISBN

978-1-4577-0804-6

Type

conf

DOI

10.1109/EPECS.2011.6126796

Filename

6126796