EconPapers    
Economics at your fingertips  
 

A fuzzy logic-based approach for pricing of electricity in Jordan

Ghada A. Altarawneh ()
Additional contact information
Ghada A. Altarawneh: Mutah University

Journal of Revenue and Pricing Management, 2018, vol. 17, issue 5, 365-372

Abstract: Abstract This paper aims to provide a feasible and practical tool for decision makers in the energy and electricity sectors, represented by EMRC, in order to calculate a reasonable selling price for electricity in Jordan. We propose an alternative approach using a fuzzy logic technique to help EMRC assign a fair and dynamic sale price for electricity, based on two categories of electricity consumption (low and high). Our experimental results, based on simulated data, show that the proposed method provides fair prices to both customer and service providers, allowing an easy and effective way to increase/decrease electricity prices.

Keywords: Pricing; Value-based pricing; Electricity bill; Fuzzy logic (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1057/s41272-018-00160-8 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:jorapm:v:17:y:2018:i:5:d:10.1057_s41272-018-00160-8

Ordering information: This journal article can be ordered from
https://www.palgrave.com/gp/journal/41272

Access Statistics for this article

Journal of Revenue and Pricing Management is currently edited by Ian Yeoman

More articles in Journal of Revenue and Pricing Management from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2020-01-08
Handle: RePEc:pal:jorapm:v:17:y:2018:i:5:d:10.1057_s41272-018-00160-8