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Quantitative benefit assessment of electricity settlement using smart meters


Reference:

Ma, Q., Xu, M., Li, R. and Li, F., 2016. Quantitative benefit assessment of electricity settlement using smart meters. In: 13th International Conference on the European Energy Market, EEM 2016, 2016-06-06 - 2016-06-09. IEEE Computer Society.

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Official URL:

http://10.1109/EEM.2016.7521293

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Abstract

In the UK, the traditional settlement process aims to allocate customers' total electricity consumption into each half-hour slot based on the typical load profiles. However, the large difference between load profiles and the real energy consumption lead to the unfair and inaccurate electricity charges. In order to tackle this problem, the smart meter will be introduced and this paper, for the first time, accurately quantifies the improvement of using smart metering data in electricity settlement. The result shows that all of the customers are being mischarged with an average of 9.52 GBP overcharged and 10.34 GBP undercharged per household, which will be discussed in terms of potential causes and errors.

Details

Item Type Conference or Workshop Items (UNSPECIFIED)
CreatorsMa, Q., Xu, M., Li, R. and Li, F.
DOI10.1109/EEM.2016.7521293
Related URLs
URLURL Type
http://www.scopus.com/inward/record.url?scp=84983343608&partnerID=8YFLogxKUNSPECIFIED
Uncontrolled Keywordsbenefit,load profile,settlement,smart meters
DepartmentsFaculty of Engineering & Design > Electronic & Electrical Engineering
Research CentresCentre for Sustainable Power Distribution
EPSRC Centre for Doctoral Training in Statistical Mathematics (SAMBa)
Centre for Doctoral Training in Decarbonisation of the Built Envinronment (dCarb)
StatusPublished
ID Code52610

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