DocumentCode
2618572
Title
Effects of dynamic pricing on residential electricity bill
Author
Moholkar, Asawari ; Klinkhachorn, Powsiri ; Feliachi, Ali
Author_Institution
Adv. Power & Electricity Res. Center, West Virginia Univ., Morgantown, WV, USA
fYear
2004
fDate
10-13 Oct. 2004
Firstpage
1030
Abstract
Peak load management is indeed an important issue with the utilities. Various utilities have come up with wide spectrum of peak load management programs for the industrial sector based on the dynamic pricing of electricity. However, very few utilities in United States offer dynamic retail prices for the residential sector. This article presents simulated results for the effects of various dynamic pricing schedules on the average monthly bills for typical single-family houses. The simulated results indeed show that price responsive load management can be an efficient way of peak load management for the residential sector.
Keywords
demand side management; invoicing; pricing; United States; demand response; dynamic pricing effects; industrial sector; peak load management; real time pricing; residential electricity bill; Costs; Dynamic scheduling; Energy consumption; Energy management; Job shop scheduling; Load management; Power generation; Power system management; Pricing; Time factors;
fLanguage
English
Publisher
ieee
Conference_Titel
Power Systems Conference and Exposition, 2004. IEEE PES
Print_ISBN
0-7803-8718-X
Type
conf
DOI
10.1109/PSCE.2004.1397738
Filename
1397738
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