Dynamic Pricing of Electricity

2012 ◽  
Vol 102 (3) ◽  
pp. 381-385 ◽  
Author(s):  
Paul L Joskow ◽  
Catherine D Wolfram
Keyword(s):  
Demand Response ◽  
Dynamic Pricing ◽  
Time Varying ◽  
Electricity Pricing ◽  
Marginal Costs ◽  
Technological Advances ◽  
The Us ◽  
Recent Developments ◽  
End Use

As both a regulator and an academic, Fred Kahn argued that end-use electricity consumers should face prices that reflect the time-varying marginal costs of generating electricity. This has been very slow to happen in the US, even in light of recent technological advances that have lowered costs and improved functionality for meters and automated demand response technologies. We describe these recent developments and discuss the remaining barriers to the proliferation of time-varying electricity pricing.

scholarly journals An Incentive Based Dynamic Pricing in Smart Grid: A Customer’s Perspective

2021 ◽  
Vol 13 (11) ◽  
pp. 6066
Author(s):  
Thamer Alquthami ◽  
Ahmad H. Milyani ◽  
Muhammad Awais ◽  
Muhammad B. Rasheed
Keyword(s):  
Demand Response ◽  
Dynamic Pricing ◽  
Optimization Problem ◽  
End Users ◽  
Electricity Price ◽  
Monetary Incentives ◽  
Electricity Pricing ◽  
Pricing Policy ◽  
Load Shifting ◽  
Demand And Supply

Price based demand response is an important strategy to facilitate energy retailers and end-users to maintain a balance between demand and supply while providing the opportunity to end users to get monetary incentives. In this work, we consider real-time electricity pricing policy to further calculate the incentives in terms of reduced electricity price and cost. Initially, a mathematical model based on the backtracking technique is developed to calculate the load shifted and consumed in any time slot. Then, based on this, the electricity price is calculated for all types of users to estimate the incentives through load shifting profiles. To keep the load under the upper limit, the load is shifted in other time slots in such a way to facilitate end-users regarding social welfare. The user who is not interested in participating load shifting program will not get any benefit. Then the well behaved functional form optimization problem is solved by using a heuristic-based genetic algorithm (GA), wwhich converged within an insignificant amount of time with the best optimal results. Simulation results reflect that the users can obtain some real incentives by participating in the load scheduling process.

scholarly journals Do the Determinants of Non-Performing Loans Have a Different Effect over Time? A Conditional Correlation Approach

2021 ◽  
Vol 14 (1) ◽  
pp. 21
Author(s):  
Mariagrazia Fallanca ◽  
Antonio Fabio Forgione ◽  
Edoardo Otranto
Keyword(s):  
Correlation Coefficients ◽  
Bank Loan ◽  
Time Varying ◽  
Conditional Correlation ◽  
Subprime Mortgage ◽  
Macroeconomic Variables ◽  
Correlation Models ◽  
Mortgage Crisis ◽  
The Us ◽  
Macroeconomic Indicators

Several studies have explored the linkage between non-performing loans and major macroeconomic indicators, using a wide variety of methodologies, sometimes with different results. This occurs, we argue, because these relationships are generally derived in terms of correlation coefficients evaluated in certain time spans, which represent a sort of average level of correlations. However, such correlations are necessarily time-varying, because the relationships between bank loan indicators and macroeconomic variables could be stronger during particular periods or in correspondence with important economic events. We propose an empirical exercise using dynamic conditional correlation models, with constant and time-varying parameters. Applying these models to quarterly delinquency rates and an array of macroeconomic variables for the US, for the period 1985–2019, we find that the correlation is often negligible in this period except during periods of economic crises, in particular the early 1990 crisis and the subprime mortgage crisis.

scholarly journals Time-varying role of macroeconomic shocks on house prices in the US and UK: evidence from over 150 years of data

2018 ◽  
Vol 58 (5) ◽  
pp. 2249-2285 ◽  
Author(s):  
Vasilios Plakandaras ◽  
Rangan Gupta ◽  
Constantinos Katrakilidis ◽  
Mark E. Wohar
Keyword(s):  
House Prices ◽  
Time Varying ◽  
Macroeconomic Shocks ◽  
The Us

The Use of Bitumen Linear Viscoelastic Properties to Assess Rutting Sensitivity

2014 ◽  
Vol 567 ◽  
pp. 755-762
Author(s):  
Salah E. Zoorob ◽  
Ibrahim B. Kamaruddin ◽  
Napiah Madzlan
Keyword(s):  
Energy Equation ◽  
Empirical Relationship ◽  
Stored Energy ◽  
Theoretical Derivation ◽  
The Us ◽  
Modified Binders ◽  
Recent Developments ◽  
Linear Viscoelastic ◽  
Modified Binder ◽  
Performance Grading

The use of viscosity temperature relationships to predict creep performance of road bitumens have been shown to be inadequate in particular with respect to the analysis of polymer modified binders. In this paper we explore the origins of the US Strategic Highway Research Programmebinder performance grading system and detail two examples of more recent developments towards improved creep characterisation.Starting from first principles, an equation to analyse the ratio of dissipated to stored energy during sinusoidal loading of viscoelastic bitumen was derived. The energy equation was contrasted with an empirical relationship proposed by Anderson D.A., and with a second more theoretical derivation proposed by Shenoy A.Using frequency sweep data from a conventional 40/50 pen grade bitumen and a proprietary SBS modified binder, the applicability of the energy equation was subsequently compared to the two aforementioned post-SHRP creep relations. Recommendations are made regarding the suitability of the proposed relations in ranking bitumen creep performance.

scholarly journals Changing effects of monetary policy in the US–evidence from a time-varying coefficient VAR

2008 ◽  
Vol 40 (18) ◽  
pp. 2353-2360 ◽  
Author(s):  
Florian Höppner ◽  
Christian Melzer ◽  
Thorsten Neumann
Keyword(s):  
Monetary Policy ◽  
Time Varying ◽  
Varying Coefficient ◽  
The Us

scholarly journals Should Women Consult Health Agencies in Matters of Birth Control and Contraception?

2020 ◽  
Vol 1 (2) ◽  
pp. 28-37
Author(s):  
Kraetschmer K
Keyword(s):  
Birth Control ◽  
Economic Perspective ◽  
Safety And Efficacy ◽  
Contraceptive Devices ◽  
Scholarly Publications ◽  
Health Agencies ◽  
The Us ◽  
Other Information ◽  
Recent Developments ◽  
Harmful Effects

Background and Aim: On the background of recent developments revealing the harmful effects of contraceptive devices which are recommended by health agencies the paper aims at analyzing publications and other information material emanating from these agencies. This analysis – guided by the bioethical principle of informed consent — focuses on flawed science, ambiguous language, and misleading data. Method and Material: The method consists of collecting and analyzing information provided by health agencies for consumers inquiring about the safety and efficacy of contraceptive products. The material comprises documents, charts, leaflets and other publications emanating from the most authoritative and most frequently consulted health agencies, in particular those active in the US and European countries. Results and Implications: As a result of the investigation women must be advised to consult only a selected number of health agencies, especially those which take into account findings of pharmacovigilance, pharmaceutical vigilance, and scholarly publications focusing on the safety of contraception. The implications from an economic perspective are the discontinuation of funding through taxpayer money for those health agencies which continue to disseminate flawed science and demonstrate incompetence in questions about the safety of contraception.

Sign in / Sign up

Export Citation Format

Share Document