Rice did not have a precise time line for when the system would be running, saying that it is still being tested and employees are being trained to run it. Avangrid, CMP’s parent company, estimated last winter that Customer SmartCare would be up by the end of this month, but deadlines for implementing the system […]
Amidst increasing reliance on these intermittent sources, utilities need to leverage smarter technologies that can change the way we get, use and pay for power. One way they are changing how we pay for power is through dynamic, or time-based, pricing. Through time-based pricing models, utilities charge customers more or less based on the amount […]
We have essentially lost our economic sovereignty in the 70 years since Independence. We have become dependent on imports for phosphate fertilizers, and sources of energy—fuel oil, coal and uranium. All three are required for the generation of electricity. It is necessary that we generate electricity for meeting our requirements with our own sources if […]
“California needs dynamic pricing,” he said. Unlike TOU rates, which include a modest price differential on each day, dynamic pricing involves alerting customers to steeper increases in per-kWh rates in advance of specific peak demand events. Instead of a small differential every day, the larger gap between peak and off-peak pricing is meant to drive […]
Besides benefiting consumers, Electrify also aims to serve retailers by providing information that allows them to remain competitive. Currently, retailers operate in silos, and have little information about how their products and prices are benchmarked against others. A proprietary pricing software Fibonacci will allow retailers to enter the spreads they want to offer based on […]
Peak-load pricing is the type of price strategy that promotes efficiency while ensuring that a service provider doesn’t sell at a loss. When you pay for a restaurant visit, you pay for the food cost as well as the rent of the restaurant. If the restaurant is not so packed at dinnertime, the owner can […]
To assist participants in their usage, Horizon Power developed an app allowing residents to track their electricity use and receive alerts and notifications to help them stay within their allowance. Based on the results of the pilot program, a pricing plan model will be implemented. Horizon Power managing director Frank Tudor said the new pricing […]
Vattenfall will compete aggressively on price as it looks to take large electricity customers away from established business market energy suppliers. The firm announced plans to enter the UK business to business (B2B) market last month and is now negotiating terms with a number of large industrial and commercial power users, according to James Hunt, […]
KASSIA: Renewables are clouding the West, Texas demand is soaring, and the largest US grid operator appears to have ample generation as things start to heat up for summer. Welcome to the Commodities Spotlight Podcast from S&P Global Platts. I’m Kassia Micek, with the Platts North American power pricing team, based out of the Platts […]
What are negative prices and how do they occur? Negative prices are a price signal on the power wholesale market that occurs when a high inflexible power generation meets low demand. Inflexible power sources can’t be shut down and restarted in a quick and cost-efficient manner. Renewables do count in, as they are dependent from […]
This Week in Pricing > 9/23/17
This Week in Pricing is a recap of the week’s best pricing focused news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is brought to you by: Professional Pricing Society Currently, PPS produces three major annual pricing conferences in Europe and North America. Each […]
The Psychology Behind the New iPhone’s Four-Digit Price | Harvard Business Review
Apple made headlines by announcing that the price for its new iPhone X (a fancy term for 10) will range from $999 to $1,149. These prices are commanding attention because they are significantly higher than the base prices of the two other iPhone models that were also announced, the 8 ($699) and the 8 Plus ($799). […]
Rising tuition fees could price out college students | tes
The report points out that delivery costs for HE in FE are often less than in university settings. But colleges which took part in the inquiry said they were looking at increasing their tuition fees. Truro and Penwith College told the commission it was “moving to a full fee rate from 2017-18”, while NCG – the […]
Irma price gouging highlights sad truth: Consumer fleecing is the new normal | WTOP
(THE CONVERSATION) Since Hurricane Irma put Florida in its sights, there have been thousands of reports of price gouging on everything from water to gasoline. The most notable complaint was not, however, the one alleging a US$72 charge for a six-pack of water. Rather, it was the $3,200 reportedly asked by Delta for a ticket […]
Texas AG files first 3 price gouging lawsuits | KDFW
According to a release from attorney general’s office, state law prohibits businesses from charging exorbitant amounts during a declared disaster. The Bains Brothers, who own Texaco-branded gas station in Arlington, Carrollton and Richardson, were accused of charging the higher price even while displaying signs with prices in the $3-$4 range. Additional lawsuits were filed against […]
Get Social
Connect with us on the following social media platforms.