1 Citation (Scopus)

Abstract

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.

Original languageEnglish
Title of host publication13th International Conference on the European Energy Market EEM, 2016
PublisherIEEE
ISBN (Print)9781509012978
DOIs
Publication statusPublished - 25 Jul 2016
Event13th International Conference on the European Energy Market, EEM 2016 - Porto, Portugal
Duration: 6 Jun 20169 Jun 2016

Conference

Conference13th International Conference on the European Energy Market, EEM 2016
CountryPortugal
CityPorto
Period6/06/169/06/16

Fingerprint

Smart meters
Electricity
Energy utilization

Keywords

  • benefit
  • load profile
  • settlement
  • smart meters

Cite this

Ma, Q., Xu, M., Li, R., & Li, F. (2016). Quantitative benefit assessment of electricity settlement using smart meters. In 13th International Conference on the European Energy Market EEM, 2016 [7521293] IEEE. https://doi.org/10.1109/EEM.2016.7521293

Quantitative benefit assessment of electricity settlement using smart meters. / Ma, Q.; Xu, Minghao; Li, Ran; Li, Furong.

13th International Conference on the European Energy Market EEM, 2016. IEEE, 2016. 7521293.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Ma, Q, Xu, M, Li, R & Li, F 2016, Quantitative benefit assessment of electricity settlement using smart meters. in 13th International Conference on the European Energy Market EEM, 2016., 7521293, IEEE, 13th International Conference on the European Energy Market, EEM 2016, Porto, Portugal, 6/06/16. https://doi.org/10.1109/EEM.2016.7521293
Ma Q, Xu M, Li R, Li F. Quantitative benefit assessment of electricity settlement using smart meters. In 13th International Conference on the European Energy Market EEM, 2016. IEEE. 2016. 7521293 https://doi.org/10.1109/EEM.2016.7521293
Ma, Q. ; Xu, Minghao ; Li, Ran ; Li, Furong. / Quantitative benefit assessment of electricity settlement using smart meters. 13th International Conference on the European Energy Market EEM, 2016. IEEE, 2016.
@inproceedings{87e929457aca4f29815bdd83039c74d4,
title = "Quantitative benefit assessment of electricity settlement using smart meters",
abstract = "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.",
keywords = "benefit, load profile, settlement, smart meters",
author = "Q. Ma and Minghao Xu and Ran Li and Furong Li",
year = "2016",
month = "7",
day = "25",
doi = "10.1109/EEM.2016.7521293",
language = "English",
isbn = "9781509012978",
booktitle = "13th International Conference on the European Energy Market EEM, 2016",
publisher = "IEEE",
address = "USA United States",

}

TY - GEN

T1 - Quantitative benefit assessment of electricity settlement using smart meters

AU - Ma, Q.

AU - Xu, Minghao

AU - Li, Ran

AU - Li, Furong

PY - 2016/7/25

Y1 - 2016/7/25

N2 - 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.

AB - 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.

KW - benefit

KW - load profile

KW - settlement

KW - smart meters

UR - http://www.scopus.com/inward/record.url?scp=84983343608&partnerID=8YFLogxK

UR - http://10.1109/EEM.2016.7521293

U2 - 10.1109/EEM.2016.7521293

DO - 10.1109/EEM.2016.7521293

M3 - Conference contribution

SN - 9781509012978

BT - 13th International Conference on the European Energy Market EEM, 2016

PB - IEEE

ER -