The economic efficiency impacts of alternatives for revenue reconciliation
Journal Article
·
· IEEE Transactions on Power Systems
- Univ. of Texas, Austin, TX (United States). Dept. of Electrical and Computer Engineering
About a dozen electric utilities in the US offer rates that possess real-time characteristics. In these implementations the real-time prices are updated at half-hourly intervals and in no case are the prices spatially differentiated. The implemented rates are based upon marginal generating costs with markups to account for system transmission and distribution costs or other revenue reconciliation needs. This paper analyzes how great is the impact of alternative price markup methods on measures of social welfare and the time pattern of real-time prices. A case study and sensitivity results are also presented.
- OSTI ID:
- 538097
- Journal Information:
- IEEE Transactions on Power Systems, Journal Name: IEEE Transactions on Power Systems Journal Issue: 3 Vol. 12; ISSN 0885-8950; ISSN ITPSEG
- Country of Publication:
- United States
- Language:
- English
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