Current residential price tariff structures in Australia, which are predominately based on a flat daily supply charge combined with a per kWh electricity charge, create a distortion to the electricity consumption pattern, leading to larger afternoon and evening peak demands across the networks....

In order to reach significant CO2 emissions reductions, future energy systems will require a large share of renewable energies, such as wind and solar photovoltaic power. However, relying on such renewable energy sources is expected to generate considerable excess power during certain periods of...