  Time-of-Use (TOU) electricity pricing provides an opportunity for industrial
users to cut electricity costs. Although many methods for Economic Load
Dispatch (ELD) under TOU pricing in continuous industrial processing have been
proposed, there are still difficulties in batch-type processing since power
load units are not directly adjustable and nonlinearly depend on production
planning and scheduling. In this paper, for hot rolling, a typical batch-type
and energy intensive process in steel industry, a production scheduling
optimization model for ELD is proposed under TOU pricing, in which the
objective is to minimize electricity costs while considering penalties caused
by jumps between adjacent slabs. A NSGA-II based multi-objective production
scheduling algorithm is developed to obtain Pareto-optimal solutions, and then
TOPSIS based multi-criteria decision-making is performed to recommend an
optimal solution to facilitate filed operation. Experimental results and
analyses show that the proposed method cuts electricity costs in production,
especially in case of allowance for penalty score increase in a certain range.
Further analyses show that the proposed method has effect on peak load
regulation of power grid.
