Smart Grid Dynamic Pricing

The peak electricity demand can be managed by charging consumers variable price depending on the demand/supply and cost of generation. The assumption is that by providing consumers real time information on their energy consumption and cost will modify consumer behaviour.

Low income customers also gain due to dynamic pricings
The reduction can be as much as 10-15%;
Two Tier Pricing
Charge standard rate and charge a higher rate for use over certain limit

Time of Use Pricing
Time of use rates

Critical peak pricing
Low rate during off-peak
Higher Rate during peak hours
The higher the differential between peak and off-peak, the higher the impact on energy savings
Critical peak Rebate
Rebate for low usage during peak hours
PHEV impact on dynamic pricing
Dynamic Pricing Companies
  • 14 Jan 2010

    To Be Added.

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  • 25 Jan 2010

    To Be Added.

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