Critical peak pricing tariff design for mass consumers in Great Britain

Zhimin Wang, Furong Li

Research output: Chapter in Book/Report/Conference proceedingChapter

13 Citations (Scopus)

Abstract

"Critical Peak Pricing(CPP)" refers to a method of pricing electricity whereby "Time of Use (TOU)Pricing" is in effect with the exception of certain "peak periods" at which time electric prices may reflect the costs of generating and/or purchasing electricity at the wholesale level[1]. It aims to reduce load during the relatively few, very expensive hours more dynamically. In CPP tariff design, the important elements are the time window over the peak price period and the degree of price differentiations between the peak and off peak times. This paper uses Great Britain market index prices and market index volumes to statistically analyze the price distribution and demand distribution. These analyses will inform the design of appropriate peak pricing window if Great Britain is to move to CPP.
Original languageEnglish
Title of host publication2011 IEEE PES General Meeting: The Electrification of Transportation and the Grid of the Future
Place of PublicationPiscataway, NJ
PublisherIEEE
ISBN (Print)19449925
DOIs
Publication statusPublished - 2011
Event2011 IEEE PES General Meeting: The Electrification of Transportation and the Grid of the Future - Detroit, MI, UK United Kingdom
Duration: 24 Jul 201128 Jul 2011

Publication series

NameIEEE Power and Energy Society General Meeting
PublisherIEEE Computer Society

Conference

Conference2011 IEEE PES General Meeting: The Electrification of Transportation and the Grid of the Future
CountryUK United Kingdom
CityDetroit, MI
Period24/07/1128/07/11

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    Wang, Z., & Li, F. (2011). Critical peak pricing tariff design for mass consumers in Great Britain. In 2011 IEEE PES General Meeting: The Electrification of Transportation and the Grid of the Future (IEEE Power and Energy Society General Meeting). IEEE. https://doi.org/10.1109/pes.2011.6039603