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Effects of electricity dynamic pricing : from time of use to real time pricing

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Academic year: 2020

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Figure 1: Types of demand response programs (adapted from Dupont et al (2011))  In  well-organized  electricity  markets,  dynamic  electricity  rates  can  reduce  the  cost  of  the system and these benefits can be passed on to customers through reductio
Table  1:  S  Airport  codes  used  to  retrieve  temperature  data  from  Wunderground  website(Weather Underground, 2011)  and total population by State according to the US  2010 Census (US Census Bureau, 2011) used for weighting temperature data
Figure 2:  Energy consumption (GWh) and Peak power demand (GW) in PJM at 2010.
Figure 3: Average daily load curve in summer months (June to September) and the rest of the  year (October to May) are very different
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