Reaping the benefits of RTP: Georgia Power`s RTP evaluation case study, Volumes 1 and 2. Final report
- and others
The objective of this report is to assist utilities that are considering real-time pricing (RTP) programs by documenting Georgia Power`s experience with RTP. This report will help utilities better understand both the benefits and the necessary steps of RTP implementation. Real-time pricing is the product that utilities are turning to in order to position themselves for a more competitive market because as the electric utility industry becomes more competitive, customers will demand differentiated products that enable them to use electricity more efficiently and economically, and utilities will seek products that give them the flexibility to profitably meet customer needs. This two-volume report examines the development, implementation, and evaluation of RTP at Georgia Power. Its primary focus is on the pilot program period. The first volume discusses the service design employed at Georgia Power and presents the various stages in the implementation of RTP. It contains information on the design of RTP, the estimation of future marginal costs, and the management and support of RTP. The second volume evaluates customer satisfaction and load response. It contains discussions on initial simulated customer response, results from an RTP customer satisfaction survey, an econometric analysis of customer response, and incorporating customer response to RTP into price forecasting and system planning.
- Research Organization:
- Electric Power Research Inst., Palo Alto, CA (United States). Power Delivery Group; Christensen (Laurits R.) Associates, Inc., Madison, WI (United States)
- Sponsoring Organization:
- Electric Power Research Inst., Palo Alto, CA (United States)
- OSTI ID:
- 177398
- Report Number(s):
- EPRI-TR--105044
- Country of Publication:
- United States
- Language:
- English
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