IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this article

A Model of Optimal Time-of-Day Pricing of Electricity under Diverse Welfare Assumptions

Listed author(s):
  • Vijayamohanan Pillai N.

    (Associate Professor, Centre for Development Studies, Prasanth Nagar, Ulloor, Trivandrum - 695 011, Kerala India)

Registered author(s):

    An important feature of an electric power system is that its customer’s load varies greatly at random according to time of day, and day of season. Time-of-day pricing of electricity is an indirect load management against such variable demand according to which electricity is charged in relation to the time-differential cost of supply. The present study is an attempt at modeling seasonal time-differential pricing of electricity. The static, deterministic model that we present incorporates diverse technology, as well as soft deterministic equivalents of chance constraints representing stochastic demand and inflows. The model is solved for two types of power systems – pure hydro and hydro-thermal – under the umbrellas of four structural assumptions – first best, second-best, monopoly and constrained monopoly.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://www.conscientiabeam.com/journal/81/abstract/3415
    Download Restriction: no

    File URL: http://www.conscientiabeam.com/journal/81/abstract/3415
    Download Restriction: no

    Article provided by Conscientia Beam in its journal Energy Review.

    Volume (Year): 1 (2014)
    Issue (Month): 2 ()
    Pages: 87-114

    as
    in new window

    Handle: RePEc:pkp:enerev:2014:p:87-114
    DOI: 10.18488/journal.81/2014.1.2/81.2.87.114
    Contact details of provider: Postal:
    S22 Sin Ming Lane #06-76 Midview City Singapore 573969

    Web page: http://www.conscientiabeam.com/journal/81

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:pkp:enerev:2014:p:87-114. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Editorial Office)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.