Distribution Pricing: Are We Ready for the Smart Grid?

Author

Furong Li ; Marangon-Lima, Jose Wanderley ; Rudnick, Hugh ; Medeiros Marangon-Lima, Luana ; Padhy, Narayana Prasad ; Brunekreeft, Gert ; Reneses, Javier ; Chongqing Kang

Author_Institution

Dept. of Electron. & Electr. Eng., Univ. of Bath, Bath, UK

Volume

13

Issue

4

fYear

2015

fDate

July-Aug. 2015

Firstpage

76

Lastpage

86

Abstract

Energy transportation costs typically make up a quarter of consumers? electricity bills, and most of this amount (90% in the United Kingdom, 75% in Brazil and Spain, and 60% in India, for example) is due to energy transportation through the distribution network. This cost could escalate over the next few decades as distributed energy resources are expected to grow substantially in response to the financial incentives many governments have created for renewable and efficient generation to meet their CO₂ reduction targets.

Keywords

air pollution control; distributed power generation; power distribution economics; pricing; smart power grids; carbon dioxide reduction targets; distributed energy resources; distribution pricing; financial incentives; smart grid; Energy management; Generators; Investments; Maintenance engineering; Periodic structures; Power distribution; Power grids; Power system economics; Smart grids;

fLanguage

English

Journal_Title

Power and Energy Magazine, IEEE

Publisher

ieee

ISSN

1540-7977

Type

jour

DOI

10.1109/MPE.2015.2416112

Filename

7131662