| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 706571 | The Electricity Journal | 2013 | 9 Pages |
Abstract
A time-of-use rate option design allowing an LDC's customers to allocate their consumption to be billed at the fixed and daily-varying TOU rates offers a win–win mechanism for electricity procurement in the face of uncertain spot prices and hedging options. Even if all customers have the same risk preferences, the proposed mechanism is Pareto-superior to the tariffs and procurement strategies commonly used in North America.
Related Topics
Physical Sciences and Engineering
Energy
Energy Engineering and Power Technology
Authors
C.K. Woo, Ira Horowitz, Gabe Kwok, Shui-Ki Wan, Weiwei Weng,