In this paper, a systematic method is proposed to cluster the energy consumption patterns of residential customers by utilizing extreme points and demographic characteristics. The extreme points of the energy consumption pattern enable effective clustering of residential customers. Additionally, demographic characteristics can be used to determine an effective extreme point for the clustering algorithm. The K-means-based features selection method is used to classify energy consumption patterns of residential customers into six types. Furthermore, the type of energy consumption pattern can be identified depending on the characteristics of residential customers. The analytical results of this paper show that the extreme points are effective in clustering the energy consumption patterns of residential customers.

Smart meters and dynamic pricing are key factors in implementing a smart grid. Dynamic pricing is one of the demand-side management methods that can shift demand from on-peak to off-peak. Furthermore, dynamic pricing can help utilities reduce the investment cost of a power system by charging different prices at different times according to system load profile. On the other hand, a dynamic pricing strategy that can satisfy residential customers is required from the customer’s perspective. Residential load profiles can be used to comprehend residential customers’ preferences for electricity tariffs. In this study, in order to analyze the preference for time-of-use (TOU) rates of Korean residential customers through residential electricity consumption data, a representative load profile for each customer can be found by utilizing the hourly consumption of median. In the feature extraction stage, six features that can explain the customer’s daily usage patterns are extracted from the representative load profile. Korean residential load profiles are clustered into four groups using a Gaussian mixture model (GMM) with Bayesian information criterion (BIC), which helps find the optimal number of groups, in the clustering stage. Furthermore, a choice experiment (CE) is performed to identify Korean residential customers’ preferences for TOU with selected attributes. A mixed logit model with a Bayesian approach is used to estimate each group’s customer preference for attributes of a time-of-use (TOU) tariff. Finally, a TOU tariff for each group’s load profile is recommended using the estimated part-worth.

The placement of the superconducting fault current limiter (SFCL) can be utilized to accommodate the increasing integration of distributed generations (DGs) in a power system. The installation of DGs in a power system can affect the power flow and the fault current patterns. Substantial changes in fault currents can cause coordination problems among the overcurrent relays. SFCL placement is a possible approach for accommodating the DGs by locally limiting the fault currents resulting from the DGs, while maintaining the existing relay settings. This paper presents a systematic procedure for analyzing the impacts of SFCL placement on DG expansion, considering the relay coordination in power systems.