The use of Dynamic Tariff by The Utilities to Counter act The Influence of Renewable Energy Sources

The utilities around the world are facing a competition from renewable energy resources because of cheaper prices. A strategy to counter this problem is required. since the renewable energy resources are predictable especially solar energy, In this research a new dynamic tariff strategy was developed which will make electricity prices from the utility to be cheaper during the times when there are solar resources. The dynamic tariff strategy proved to be effective, the utility can counter the impact of renewable energy resources. This is done by offering cheaper electricity during the time when there are solar resources without losing the revenue.