Quantitative benefit assessment of electricity settlement using smart meters
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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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.
|Item Type||Conference or Workshop Items (UNSPECIFIED)|
|Creators||Ma, Q., Xu, M., Li, R. and Li, F.|
|Uncontrolled Keywords||benefit,load profile,settlement,smart meters|
|Departments||Faculty of Engineering & Design > Electronic & Electrical Engineering|
|Research Centres||Centre for Sustainable Power Distribution|
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