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
