Abstract:
Deregulation in electricity market allows for competition and makes the system
economically efficient. In Bangladesh, electricity is centrally controlled and regulated
where the electricity prices vary on the type and amount of usage. This study reports the
prospect of demand-based electricity pricing in the context of a deregulated electricity
market in Bangladesh. The market clearing price is determined from the supply and the
demand curve on half hourly basis. To determine the supply curve, the generating power
plants capacity are placed in ascending order according to their per unit power generating
cost. The demand is considered inelastic and is determined from the daily load curve. The
effect of seasonal variation on demand-based electricity price is further analyzed. The
demand-based electricity prices are generally found to be lower than the existing prices.
Furthermore, generating electricity from the units with least generating cost can save
significant amount of cost which can be utilized in transmission and distribution network.
The demand-based dynamic price can be useful in implementing demand response in the
system.
Description:
Supervised by
Dr. Fahim Abid,
Assistant Professor,
Department of Electrical and Electronic Engineering (EEE),
Islamic University of Technology (IUT),
Board Bazar, Gazipur-1704, Bangladesh.
This thesis is submitted in partial fulfillment of the requirements for the degree of Bachelor of Science in Electrical and Electronic Engineering, 2022.
