Tag: Electricity Pricing

Data reveals real-time electricity pricing would help nearly all ComEd customers save money | EDF

Data reveals real-time electricity pricing would help nearly all ComEd customers save money | EDF

In sum, the vast majority of ComEd customers would have financially benefitted in 2016 from participating in the Hourly Pricing program. Again, they would have saved while using electricity exactly as they have been. Programs like Hourly Pricing are designed to reward people who use energy when market prices are cheapest, typically when electricity demand […]

NDRC to deepen pricing reforms in monopoly sectors | Chinadaily.com.cn

NDRC to deepen pricing reforms in monopoly sectors | Chinadaily.com.cn

The National Development and Reform Commission, the country’s top economic planner, will further deepen the pricing reform in monopoly industries, such as electric power, natural gas and railroads, as part of the government efforts to perfect the market-oriented pricing mechanism by 2020. The country will further improve the trading rules and regulations in the electricity […]

Household Electricity Pricing: Dynamic Pricing under Different Taxation Schemes | Advanced Science News

Household Electricity Pricing: Dynamic Pricing under Different Taxation Schemes | Advanced Science News

The developments in electricity production from renewable resources, like wind and solar power, requires an increasingly flexible power system. One option attracting considerable attention for several decades is to make use of idle flexibility from electricity consumers. The continuous roll-out of smart meters enables more detailed billing, and consumers could switch to dynamic pricing schemes […]

Power hike ‘will lead to job losses’ | Daily News

Power hike ‘will lead to job losses’ | Daily News

Electricity was a significant expense for many businesses, being second to labour cost, she said. “The additional cost has to be accommodated somewhere else and since it cannot be passed on to customers in pricing because that would just render us uncompetitive, it must be accommodated by shedding labour costs.” Eskom wants its clients to […]

Treasury moves to reduce MU debt | Manx Radio

Treasury moves to reduce MU debt | Manx Radio

The Isle of Man Government is to shave £95 million from the Manx Utilities debt in exchange for a freeze in water and sewerage rates for the next year. The MUA currently has a loan of £278 million from Treasury and has a further £260 million debt in bonds. The Authority will also be asked to establish […]

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 […]