A study on real-time pricing electric tariffs
- Oklahoma State Univ., Stillwater, OK (United States). School of Industrial Engineering and Management
With deregulation in the electric industry, customers have new opportunities to reduce their electricity cost, one of which consists of using real-time pricing (RTP) tariffs. The authors surveyed electric utilities in the country to investigate how these tariffs are presently implemented to help potential customers understand RTP tariffs. The survey found that the most common type of RTP tariff is a two-part tariff. It consists of a customer baseline load (CBL) charge and an energy charge (or credit) based on usage above (or below) the CBL charged at hourly prices. This type of tariff is explained using Oklahoma Gas and Electric (OG and E)`s day-ahead-pricing (DAP) tariff and calculation examples. This article also investigates the effect of customer flexibility on the charges under the DAP tariff by comparing three different types of customer response.
- OSTI ID:
- 680088
- Journal Information:
- Energy Engineering, Journal Name: Energy Engineering Journal Issue: 5 Vol. 96; ISSN EENGDO; ISSN 0199-8595
- Country of Publication:
- United States
- Language:
- English
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