Conference paper
The Impact of Dynamic Electricity Tariff on Long-run Incremental Cost
Electricity plays an important role in the future energy framework around the world. The foreseen high penetration of renewable energy resources and electric vehicles (EV) will change the way of understanding and operating power systems. Consequently, significant investment in network infrastructure needs to be made in order to cope with this tremendous change in an efficient and effective manner.
Long-run incremental cost (LRIC) pricing method is recognized as an economically efficient approach for pricing network charges, which provides forward-looking information for future investment cost. LRIC evaluation is usually conducted on the basis that demand is passive and uncontrollable. The impact of demand flexibility on LRIC has not been comprehensively studied.
In this paper, the effect of dynamic electricity tariff and flexible demand on LRIC and network investment decisions is deeply analyzed and discussed. A modified test system (RBTS) illustrates the proposed method.
Language: | English |
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Publisher: | IEEE |
Year: | 2012 |
Pages: | 1-5 |
Proceedings: | 2012 IEEE Power and Energy Society General Meeting |
ISBN: | 1467327271 , 9781467327275 , 146732728X , 1467327298 , 9781467327282 and 9781467327299 |
ISSN: | 19449933 and 19449925 |
Types: | Conference paper |
DOI: | 10.1109/PESGM.2012.6345446 |
ORCIDs: | Ostergaard, Jacob |
Educational institutions Electricity Investments Load management Power system dynamics Pricing SDG 7 - Affordable and Clean Energy
EV LRIC LRIC pricing method RBTS demand response demand side management distribution networks dynamic electricity tariff electric vehicles electricity distribution network electricity tariff long-run incremental cost network investment pricing renewable energy resources renewable energy sources tariffs