The economic efficiency impacts of alternatives for revenue reconciliation

The economic efficiency impacts of alternatives for revenue reconciliation

About a dozen electric utilities in the US offer rates that possess real-time characteristics. In these implementations the real-time prices are updated at half-hourly or hourly intervals and in no case are the prices spatially differentiated. The implemented rates are based upon marginal generating...

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Veröffentlicht in:IEEE Transactions on Power Systems 1997-08, Vol.12 (3), p.1129-1135
Hauptverfasser: Kim, B.H., Baughman, M.L.
Format: Artikel
Sprache:eng
Schlagworte:
20 FOSSIL-FUELED POWER PLANTS
Costs
Elasticity
ELECTRIC UTILITIES
MARGINAL-COST PRICING
Power generation
Power generation economics
Power system modeling
Pricing
Senior members
SENSITIVITY ANALYSIS
SOCIO-ECONOMIC FACTORS
Student members
Supply and demand
Time measurement
TIME-OF-USE PRICING
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Beschreibung
Zusammenfassung:About a dozen electric utilities in the US offer rates that possess real-time characteristics. In these implementations the real-time prices are updated at half-hourly or hourly intervals and in no case are the prices spatially differentiated. The implemented rates are based upon marginal generating costs with markups to account for system transmission and distribution costs or other revenue reconciliation needs. This paper analyzes how great is the impact of alternative price markup methods on measures of social welfare and the time pattern of real-time prices. A case study and sensitivity results are also presented.
ISSN:0885-8950
1558-0679
DOI:10.1109/59.630452