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Journal of Applied Mathematics
Volume 2014, Article ID 104518, 8 pages
http://dx.doi.org/10.1155/2014/104518
Research Article

Multiobjective TOU Pricing Optimization Based on NSGA2

Key Laboratory of Smart Grid of Ministry of Education, Tianjin University, Tianjin 300072, China

Received 24 January 2014; Accepted 27 June 2014; Published 13 July 2014

Academic Editor: Gongnan Xie

Copyright © 2014 Huilan Jiang et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

Fast and elitist nondominated sorting generic algorithm (NSGA2) is an improved multiobjective genetic algorithm with good convergence and robustness. The Pareto optimal solution set using NSGA2 has the character of uniform distribution. This paper builds a time-of-use (TOU) pricing mathematical model considering actual constraint conditions and puts forward a new method which realizes multiobjective TOU pricing optimization using NSGA2. A variety of objective TOU pricing schemes can be provided for decision makers compared with traditional method. Furthermore, the multiple attribute decision making theory is applied in processing the Pareto optimal solution set to calculate the optimal compromise price scheme. The simulation results have shown that the TOU pricing scheme determined by the method proposed above can achieve a better effect of clipping the peak load to fill the valley load. Consequently, the study in this paper is innovative and is a successful exploration of coordinating the relation of various objective functions concerned in TOU pricing optimization problem.