5 Conclusions
This work presents a novel concept in two respects. First it asks a question not covered by previous literature - can wholesale risk be reduced through the ToU configuration of a tariff? Second, a bespoke GA is presented with a custom representation, crossover function, mutation operator and stochastic fitness function.
It has demonstrated that there are ToU configurations that reduce wholesale risk. The reduction can be circa 30% when compared to a tariff with no ToU configuration based on the historical data modelled.
Given the likely flat landscape of the search space with tariffs of varying complexity giving similar results further work will explore the least complex tariff with the lowest value of wholesale risk by adding a penalty to the fitness function based on the complexity of the tariff.
