Quantitative benefit assessment of electricity settlement using smart meters

Q. Ma; Minghao Xu; Ran Li; Furong Li

doi:10.1109/EEM.2016.7521293

Quantitative benefit assessment of electricity settlement using smart meters

Q. Ma, Minghao Xu, Ran Li, Furong Li

Research output: Chapter or section in a book/report/conference proceeding › Chapter in a published conference proceeding

2 Citations (SciVal)

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 language	English
Title of host publication	13th International Conference on the European Energy Market EEM, 2016
Publisher	IEEE
ISBN (Print)	9781509012978
DOIs	https://doi.org/10.1109/EEM.2016.7521293
Publication status	Published - 25 Jul 2016
Event	13th International Conference on the European Energy Market, EEM 2016 - Porto, Portugal Duration: 6 Jun 2016 → 9 Jun 2016

Conference

Conference	13th International Conference on the European Energy Market, EEM 2016
Country/Territory	Portugal
City	Porto
Period	6/06/16 → 9/06/16

Keywords

benefit
load profile
settlement
smart meters

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1109/EEM.2016.7521293

Cite this

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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 = jul,

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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",

note = "13th International Conference on the European Energy Market, EEM 2016 ; Conference date: 06-06-2016 Through 09-06-2016",

}

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 - Chapter in a published conference proceeding

AN - SCOPUS:84983343608

SN - 9781509012978

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

PB - IEEE

T2 - 13th International Conference on the European Energy Market, EEM 2016

Y2 - 6 June 2016 through 9 June 2016

ER -

Quantitative benefit assessment of electricity settlement using smart meters

Abstract

Conference

Keywords

UN SDGs

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