A Continuous Time Model of Electricity Consumption which Incorporates Time of Day Pricing, a Demand Charge, and Other Commodities PDF Download
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Author: A. Ronald Gallant
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 32
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Book Description
Author: A. Ronald Gallant
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 32
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Book Description
Author:
Publisher:
ISBN:
Category : Energy industries
Languages : en
Pages : 728
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Book Description
Author: Robert H. Patrick
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 74
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Book Description
This paper presents estimates of the customer-level demand for electricity by industrial and commercial customers purchasing electricity according to the half-hourly energy prices from the England and Wales (E&W) electricity market. These customers also face the possibility of a demand charge on their electricity consumption during the three half-hour periods that are coincident with E&W system peaks. Although energy charges are largely known by 4 PM the day prior to consumption, a fraction of the energy charge and the identity of the half-hour periods when demand charges occur are only known with certainty ex post of consumption. Four years of data from a Regional Electricity Company (REC) in the United Kingdom is used to quantify the half-hourly customer-level demands under this real-time pricing program. The econometric model developed and estimated here quantifies the extent of intertemporal substitution in electricity consumption across pricing periods within the day due to changes in all components of day-ahead E&W electricity prices, the level of the demand charge and the probability that a demand charge will be imposed. The results of this modeling framework can be used by distribution companies supplying consumers purchasing electricity according to real-time market prices to construct demand-side bids into a competitive electricity market. The paper closes with several examples of how this might be done
Author: Roger L. Conkling
Publisher: Springer Science & Business Media
ISBN: 3642154913
Category : Business & Economics
Languages : en
Pages : 426
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Book Description
This book describes the processes through which rates for energy consumption are derived, ranging from initial analyses of the supply and demand parameters to the final forms and levels of end-use consumer prices. The author argues against aggressive accounting procedures, and suggests criteria for choosing firm's position on pending public policy issues. A handbook on energy formulae for non-professionals is included in the book. The author is adjunct professor at the University of Portland.
Author: Allen Pershing Mitchem
Publisher:
ISBN:
Category : Electric power consumption
Languages : en
Pages : 406
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Book Description
Author:
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 60
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Book Description
Author: Jose Carlos Batista Abikarram
Publisher:
ISBN:
Category : Electric power
Languages : en
Pages : 74
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Book Description
"Industries are aware of the costs of high electricity consumption and its impact on the environment. Therefore, significant focus is given on how to reduce the consumption of electricity to lower both the carbon footprint and the cost of electricity. There are two ways of reducing manufacturing electricity costs. One consists of reducing the total demand by having more efficient machines, and the other focuses on minimizing costs in response to pricing structures set by energy companies. These pricing structures change depending on several factors including geographic location. In parts of the United States these structures consist of both a consumption charge, which is related to the total amount of energy consumed, and a demand charge, which is a separate charge for the highest average power consumed per a given time window. Consideration for both time-dependent consumption charges and demand charges, when planning a production schedule (e.g. parallel machine scenario), can reduce the total cost of electricity. In this study, a mathematical optimization model is developed wherein the consideration of demand charges in a specific parallel machine scenario allows a 21% reduction in total electricity cost in contrast to the consideration of consumption charges only. Additionally, the model allows for the exploration of the cost implications of changing different parameters, such as the number of machines, time to finish the jobs, and the price of the demand charge. The results provide a better understanding on how demand charges and the inclusion of more than one machine in the model affect the schedule of a flow shop if energy costs are to be minimized."--Abstract.
Author: Joseph Anthony Herriges
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 726
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Book Description
Author: Jan Paul Acton
Publisher: RAND Corporation
ISBN:
Category : Business & Economics
Languages : en
Pages : 56
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Book Description
Author: Craig Pirrong
Publisher: Cambridge University Press
ISBN: 1139501976
Category : Business & Economics
Languages : en
Pages : 238
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Book Description
Commodities have become an important component of many investors' portfolios and the focus of much political controversy over the past decade. This book utilizes structural models to provide a better understanding of how commodities' prices behave and what drives them. It exploits differences across commodities and examines a variety of predictions of the models to identify where they work and where they fail. The findings of the analysis are useful to scholars, traders and policy makers who want to better understand often puzzling - and extreme - movements in the prices of commodities from aluminium to oil to soybeans to zinc.
