DOI QR코드

DOI QR Code

A Study on Reliability Differentiated Pricing of Long-Term Transactions

  • Kim, Bal-Ho H. (Department of Electrical and Electronic Engeering, Hongik University)
  • 투고 : 2010.02.05
  • 심사 : 2010.04.05
  • 발행 : 2011.01.01

초록

Reliability differentiated pricing (RDP) is known to improve the efficiency and benefits of consumers and producers. Outage costs representing the economic and non-economic consequences of service curtailments to customers can be used as an effective parameter of RDP in electricity markets. This paper examines the theoretical aspects of an RDP scheme, and derives the optimal decisions of consumers and electric utilities for long-term transactions. The proposed RDP is demonstrated through a case study on a wheeling service.

키워드

참고문헌

  1. Chao, H. P., S. Oren, S. Smith, and R. Wilson, "Service Design in Electric Power Industry," Report P-6543, Electrical Power Research Institute, 1990.
  2. Chao, H. P., and R. Wilson, "Priority Service: Pricing, Investment, and Market Organization," American Economic Review, 77: 899-916, 1987.
  3. Chao, H. P., S. Oren, S. Smith, and R. Wilson, "Selected Papers on Priority Service Methods," Report P-5350, Electrical Power Research Institute, 1987.
  4. Rau, N. S. and Y. Hegazy, "Reliability Differentiated Pricing of Electricity Service," National Regulatory Research Institute, Columbus, Ohio, 1990.
  5. Baughman, M. L. and S. N. Siddiqi, "Real-Time Pricing of Reactive Power: Theory and Case Study Results," IEEE Transactions on Power Apparatus and Systems, Vol. 6, No. 1, February 1991, pp. 23-29. https://doi.org/10.1109/59.131043
  6. Baughman, M. L., and S. N. Siddiqi, and J. Zarnikau, "Advanced Pricing in Electrical Systems," Working Paper, Center for Energy Studies, University of Texas at Austin, February 1993.
  7. Siddiqi, S. N. and M. L. Baughman, "Reliability Differentiated Real-Time Pricing of Electricity," Paper 92-WM-115-6, IEEE 1992 Winter Power Meeting, NY, January 26-30, 1992.
  8. Siddiqi, S. N. and M. L. Baughman, "Optimal Pricing of Non-utility-generated Electric Power," Paper 93-WM-149-5, IEEE 1993 Winter Power Meeting, Columbus, Ohio, January 31-February 5, 1993.
  9. Wilson, R., "Priority Service Methods," presented at the EPRI/UERG Berkeley Symposium, Berkeley, California, September 12-14, 1990.
  10. Woo, C. K. and N. Toyama, "Service Reliability and the Optimal Interruptible Rate Option in Residential Electricity Pricing," Energy Journal, 7:3, 1986.