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Critical peak pricing tariff design for mass consumers in Great Britain


Reference:

Wang, Z. and Li, F., 2011. Critical peak pricing tariff design for mass consumers in Great Britain. In: 2011 IEEE PES General Meeting: The Electrification of Transportation and the Grid of the Future. Piscataway, NJ: IEEE Computer Society. (IEEE Power and Energy Society General Meeting)

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Official URL:

http://dx.doi.org/10.1109/PES.2011.6039603

Abstract

"Critical Peak Pricing(CPP)" refers to a method of pricing electricity whereby "Time of Use (TOU)Pricing" is in effect with the exception of certain "peak periods" at which time electric prices may reflect the costs of generating and/or purchasing electricity at the wholesale level[1]. It aims to reduce load during the relatively few, very expensive hours more dynamically. In CPP tariff design, the important elements are the time window over the peak price period and the degree of price differentiations between the peak and off peak times. This paper uses Great Britain market index prices and market index volumes to statistically analyze the price distribution and demand distribution. These analyses will inform the design of appropriate peak pricing window if Great Britain is to move to CPP.

Details

Item Type Book Sections
CreatorsWang, Z.and Li, F.
DOI10.1109/pes.2011.6039603
DepartmentsFaculty of Engineering & Design > Electronic & Electrical Engineering
StatusPublished
ID Code28099
Additional InformationPaper number 6039603. 2011 IEEE PES General Meeting: The Electrification of Transportation and the Grid of the Future. 24-28 July 2011. Detroit, MI, United States.

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