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http://dx.doi.org/10.5370/KIEE.2012.61.6.804

A Study on the Real-Time Pricing Change and Fuel Mix Change Considering the Customer's Choice on the Smart Grid System  

Park, Seong-Wan (삼성엔지니어링)
Kim, Bal-Ho H. (홍익대학교 전기정보제어공학과)
Publication Information
The Transactions of The Korean Institute of Electrical Engineers / v.61, no.6, 2012 , pp. 804-809 More about this Journal
Abstract
This paper presents the economic impact of consumer participation in Real-Time Pricing (RTP). A computer model was developed to analyze the impact of real-time pricing on the average price, electricity sales, and the social welfare. Four revenue reconciliation alternative were introduced to illustrate the effect of RTP. Finally a case study was done to analyze the consequent impact of the dynamic load profile on the long-term fuel mix, and the results were compared with those of $5^{th}$ national power development plan.
Keywords
Smart grid; Real time pricing; Fuel mix;
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