Economic information from Smart Meter: Nexus Between Demand Profile and Electricity Retail Price Between Demand Profile and Electricity Retail Price

Yang Yu, Guangyi Liu, Wendong Zhu, Fei Wang, Bin Shu, Kai Zhang, Ram Rajagopal and Nicolas Astier

Papers from arXiv.org

Abstract: In this paper, we demonstrate that a consumer's marginal system impact is only determined by their demand profile rather than their demand level. Demand profile clustering is identical to cluster consumers according to their marginal impacts on system costs. A profile-based uniform-rate price is economically efficient as real-time pricing. We develop a criteria system to evaluate the economic efficiency of an implemented retail price scheme in a distribution system by comparing profile clustering and daily-average clustering. Our criteria system can examine the extent of a retail price scheme's inefficiency even without information about the distribution system's daily cost structure. We analyze data from a real distribution system in China. In this system, targeting each consumer's high-impact days is more efficient than target high-impact consumers.

Date: 2016-09
New Economics Papers: this item is included in nep-ene
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://arxiv.org/pdf/1701.02646 Latest version (application/pdf)

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:arx:papers:1701.02646

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().