feasibility of conducting an electricity real-time pricing experiment in Maryland
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feasibility of conducting an electricity real-time pricing experiment in Maryland by Douglas W. Caves

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Published by The Division in Annapolis, Md .
Written in English

Subjects:

Places:

  • Maryland

Subjects:

  • Baltimore Gas and Electric Company,
  • Electric utilities -- Maryland -- Rates -- Time-of-use pricing

Book details:

Edition Notes

Statementprepared by Douglas W. Caves, Laurence D. Kirsch and Thomas W. Reddoch ; prepared for the Maryland Power Plant and Environmental Review Division, Maryland Department of Natural Resources.
ContributionsKirsch, Laurence D., Reddoch, T. W., Maryland. Power Plant and Environmental Review Division.
Classifications
LC ClassificationsHD9685.U6 M433 1989
The Physical Object
Pagination 1 v. (various pagings) :
ID Numbers
Open LibraryOL1816443M
LC Control Number89623111

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Dynamic Pricing of Electricity in the Mid-Atlantic Region: Econometric Results from the Baltimore Gas and Electric Company Experiment Article in Journal of Regulatory Economics 40(1)   PSE also provides automated meter reading services and real-time pricing data to customers. Customers can see their daily electricity use according to the four time periods through PSE’s website. Typical summer rates varied from cents per kilowatt hour for overnight hours to cents per kilowatt hour in peak morning and evening hours.   The Baltimore Gas and Electric Company (BGE) undertook a dynamic pricing experiment to test customer price responsiveness to different dynamic pricing options. The pilot ran during the summers of and and was called the Smart Energy Pricing (SEP) Pilot. In , it tested two types of dynamic pricing tariffs: critical peak pricing (CPP) and peak time rebate (PTR) by: electricity pricing, while being managed by a non-profit organization. These features make it a good place for experimentation with the demand for electricity. Currently, there are two electricity-related problems observed at the Navy Yard. The first is an inefficient pricing structure, since customers pay a fixed monthly rate, based on an averageAuthor: Mercedes H Cortes.

The RTP signal is recognised to improve the performance of wholesale electricity market by mitigating market power and price volatility. 13 A range of Real Time Pricing tariffs are presented in. The Environmental Impacts of Electricity Demand Variance Stephen P. Holland, Erin T. Mansur. NBER Working Paper No. Issued in October NBER Program(s):Environment and Energy Economics, Industrial Organization. Real-time pricing (RTP) of electricity would improve allocative efficiency and limit wholesalers' market power.   Since the energy crisis of – in the western United States, much attention has been given to boosting demand response in electricity markets. One of the best ways to let that happen is to pass through wholesale energy costs to retail customers. This can be accomplished by letting retail prices vary dynamically, either entirely or partly. For the overwhelming majority of customers Cited by: Although they are sometimes referred to as real-time prices, these prices are only indicative and can vary widely from final prices. For example, five-minute prices have sometimes reached $,/MWh or more (due to infeasibilities), much higher than the level of final prices.

Economists have long advocated for electricity pricing that accurately re ßects time-varying production costs.1 In particular, they have argued that real-time pricing of electricity (RTP) would improve the e fficiency of electricity consumption and investment and would lessen the . Contract No. DE-ACGO National Renewable Energy Laboratory Denver West Parkway Golden, CO • e Size: 1MB. @article{osti_, title = {Riding the Electricity Market as an Energy Management Strategy: Savings from Real-Time Pricing}, author = {Chiles, Thomas and Shutika, Kenneth and Coleman, Philip}, abstractNote = {Dynamic pricing of electricity, in which retail prices facing customers are responsive to changes in the underlying wholesale markets, represents a step towards economic efficiency in. Economists have long advocated for electricity pricing that accurately reflects time-varying production costs.1 In particular, they have argued that real-time pricing (RTP) of electricity would improve the efficiency of electricity consumption and investment and would lessen the potential harm from market power. However.