[KSCI] Korea Science Citation Index Service

http://dx.doi.org/10.5370/JEET.2011.6.1.008

A Study on Reliability Differentiated Pricing of Long-Term Transactions

Kim, Bal-Ho H. (Department of Electrical and Electronic Engeering, Hongik University)

Publication Information

Journal of Electrical Engineering and Technology / v.6, no.1, 2011 , pp. 8-13 More about this Journal

Abstract

Reliability differentiated pricing (RDP) is known to improve the efficiency and benefits of consumers and producers. Outage costs representing the economic and non-economic consequences of service curtailments to customers can be used as an effective parameter of RDP in electricity markets. This paper examines the theoretical aspects of an RDP scheme, and derives the optimal decisions of consumers and electric utilities for long-term transactions. The proposed RDP is demonstrated through a case study on a wheeling service.

Keywords

Reliability Differentiated Pricing (RDP); Outage Costs; Optimal Pricing;

Citations & Related Records

Times Cited By Web Of Science : 0 (Related Records In Web of Science)
Times Cited By SCOPUS : 0

Reference

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