Title :
Effect of inter-temporal factors on the real time pricing of electricity
Author :
David, A.K. ; Li, Y.Z.
Author_Institution :
Hong Kong Polytech., Kowloon, Hong Kong
fDate :
2/1/1993 12:00:00 AM
Abstract :
A rigorous theoretical framework for the solution of the price formation and optimal dispatch problems taking into account intertemporal dependence of demand under spot and dynamic tariffs is presented. The case in which a common tariff is to be applied to all customers is examined. The difference in system response for spot and day-ahead dynamic tariffs is illustrated. Simulation examples of a variety of event types are provided
Keywords :
economics; electricity supply industry; load dispatching; optimisation; tariffs; customers; demand; dynamic tariffs; economics; electricity; intertemporal dependence; load dispatching; optimisation; price formation; real time pricing; Computational modeling; Computer simulation; Costs; Elasticity; Energy consumption; Load management; Power generation dispatch; Power generation economics; Power system modeling; Pricing;
Journal_Title :
Power Systems, IEEE Transactions on
