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U.S. Department of Energy
Office of Scientific and Technical Information

Modeling customer rate choice with REEPS. Final report

Technical Report ·
OSTI ID:453753
Electric utilities are embracing innovative rate structures as a key component of strategic marketing plans. Traditional rate designs have employed simplified models, and relied heavily on billing and load research data. This report documents a unique application of a traditional forecasting tool to the evaluation of customer acceptance of alternative rate structures in the residential sector. Through an EPRI tailored collaboration study, Kentucky Utilities Company (KU) and Regional Economic Research, Inc. (RER) utilized EPRI`S REEPS model to forecast KU`s residential all electric rate class. To accomplish this project, RER made several REEPS modeling enhancements, and developed an iterative modeling process that utilized the EPRI Forecasting Workstation. The project was originally designed to address a request from the Kentucky Public Service Commission, but ultimately provided key end-use market information to support utility marketing and pricing activities.
Research Organization:
Electric Power Research Inst., Palo Alto, CA (United States); Regional Economic Research, Inc., San Diego, CA (United States)
Sponsoring Organization:
Electric Power Research Inst., Palo Alto, CA (United States)
OSTI ID:
453753
Report Number(s):
EPRI-TR--106552
Country of Publication:
United States
Language:
English