Difference between revisions of "Publication - Dynamic Retail Electricity Tariffs: Choices and Barriers"
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*Before implementing dynamic tariffs, it is essential to conduct a careful cost-benefit analysis of the effects on consumers, suppliers and the overall implementation system. Moreover, enabling | *Before implementing dynamic tariffs, it is essential to conduct a careful cost-benefit analysis of the effects on consumers, suppliers and the overall implementation system. Moreover, enabling | ||
innovative business models and technologies will help to derive the maximum benefit from the application of dynamic tariffs. | innovative business models and technologies will help to derive the maximum benefit from the application of dynamic tariffs. | ||
− | |Pub Download=https://fsr.eui.eu/publications/?handle=1814/66851 | + | |Pub Download=https://fsr.eui.eu/publications/?handle=1814/66851 |
|Pub Newsletter=Yes | |Pub Newsletter=Yes | ||
|Pub Tag Financing=Financing and Funding | |Pub Tag Financing=Financing and Funding | ||
|Pub Tag Other=Other | |Pub Tag Other=Other | ||
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Latest revision as of 19:55, 26 May 2020
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Title
Dynamic Retail Electricity Tariffs: Choices and Barriers
Publisher
Florence School of Regulation
Author
Pradyumna Bhagwat, Samson Hadush
Published in
April 2020
Abstract
*Sixteen international case studies on the implementation of dynamic retail electricity tariffs are reviewed to identify the design and implementation choices that have to be made when introducing such tariffs.
- Two primary design choices are identified: 1) the time block length, which means the number of distinct tariff levels; and 2) the price periodicity, which is the time interval between revisions of the tariff. Time-of-use tariffs are widely used and they can be the first step in applying dynamic tariffs before moving to more advanced approaches such as real-time pricing.
- Two types of implementation choices are identified: 1) those made by the regulator regarding regulatory interventions to protect vulnerable customers; and 2) those made by consumers regarding whether to opt for a dynamic tariff and the selection of a suitable dynamic tariff option.
- The implementation of dynamic retail tariffs depends on the availability of physical and information and communication technology (ICT) infrastructure, the maturity of the power market
design and consumer behaviour.
- Before implementing dynamic tariffs, it is essential to conduct a careful cost-benefit analysis of the effects on consumers, suppliers and the overall implementation system. Moreover, enabling
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