Wind-Thermal-Energy Storage System Optimization: Evidence from Simulations of the Economical Consumption of Wind Energy

Table 2

TOU correlation coefficients of classified users.

Type of users

Time period

Before TOU

Fluctuation in price

After TOU

Self-elasticity

Cross-elasticity

Peak

Flat

Valley

Peak

Flat

Valley

P-F

P-V

F-V

Industrial users

7–14

5–6, 15–21

1–4, 22–24

0.64

Up 53%, down 41%

0.98

0.64

0.30

−0.38

0.03

0.03

0.03

Commercial users

10–14, 18–20

7–9, 15–17, 21-22

1–6, 23–24

0.8

Up 53%, down 41%

1.22

0.8

0.38

−0.12

0.02

0.02

0.02

Residential users

13–14, 19–23

7–12, 15-16, 18

1–6, 17, 24

0.55

Up 50%, down 50%

0.84

0.55

0.26

−0.2

0.02

0.04

0.02