Tag: Electricity Pricing

New CMP bills foreshadow increased consumer involvement | Portland Press Herald

New CMP bills foreshadow increased consumer involvement | Portland Press Herald

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 Solar Eclipse’s Test On Clean Power, One Smart Grid Solution Offers A Cautionary Tale | Forbes

Amidst Solar Eclipse’s Test On Clean Power, One Smart Grid Solution Offers A Cautionary Tale | Forbes

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 […]

Time of day pricing strategy of electricity | Free Press Journal

Time of day pricing strategy of electricity | Free Press Journal

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 […]

Beyond TOU: Is more dynamic pricing the future of rate design? | Utility Dive

Beyond TOU: Is more dynamic pricing the future of rate design? | Utility Dive

“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 […]

Singapore start-up launches new online platform to compare electricity prices | The Straits Times

Singapore start-up launches new online platform to compare electricity prices | The Straits Times

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 […]

Electricity pricing: Smart meters, dumb arguments | ejinsight

Electricity pricing: Smart meters, dumb arguments | ejinsight

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 […]

Power to the customer in price model | The West Australian

Power to the customer in price model | The West Australian

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 plans aggressive green power pricing to woo large corporates | theenergyst.com

Vattenfall plans aggressive green power pricing to woo large corporates | theenergyst.com

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, […]

Some US power prices higher than last year as summer approaches | S&P Global Platts

Some US power prices higher than last year as summer approaches | S&P Global Platts

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 […]

Negative Prices – Q&A | EPEX SPOT

Negative Prices – Q&A | EPEX SPOT

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 […]