06-03-2013, 03:21 PM
DYNAMIC PRICING : with and without enabling technologies
DYNAMIC PRICING.pptx (Size: 86.23 KB / Downloads: 17)
DYNAMIC PRICING: WHAT ?
A kind of tariff scheme at the demand end which responds to the time varying electricity supply cost
Benefits: Participant financial benefits, market wide financial benefits, reliability benefits, market performance benefits
Three types of dynamic pricing mechanisms within boundaries of price elasticity
Time of Use Pricing
Critical Peak Pricing and Critical Peak Pricing with rebate
Real Time Pricing (Hourly pricing more common)