Evaluating the Customers’ Benefits of Hourly Pricing Based on Day-Ahead Spot Market
Paper in proceedings, 2013

From October 2012, electricity customers in Sweden have the possibility to pay their electricity consumption based on the hourly spot prices on the day-ahead electricity market, Nordpool spot. Customers will know the electricity prices 12-36 hours in advance and will have the possibility to schedule their electricity usage in order to reduce their cost of electricity. This paper investigates the potential cost savings that could be achieved for different customers by adapting to the hourly pricing scheme. The savings could be attributed to different electrical appliances such as electric heaters, dishwashers and laundry machines. A case study on a number of selected residential customers has been carried out. The study results show that the economic incentives to reschedule loads based on the hourly tariff will be limited for customers without electric heating. Even for customers with electric heating, the economic incentives may be too small to adapt to this hourly tariff.

Author

David Steen

Chalmers, Energy and Environment, Electric Power Engineering

Anh Tuan Le

Chalmers, Energy and Environment, Electric Power Engineering

Ola Carlson

Chalmers, Energy and Environment, Electric Power Engineering

Lina Bertling

Chalmers, Energy and Environment, Electric Power Engineering

CIRED 22nd International Conference on Electricity Distribution, 10-13 June 2013, Stockholm, Sweden

Vol. 2013 615 CP Article no. 1221-

Driving Forces

Sustainable development

Areas of Advance

Energy

Subject Categories

Other Electrical Engineering, Electronic Engineering, Information Engineering

DOI

10.1049/cp.2013.1221

ISBN

978-184919732-8

More information

Latest update

11/5/2018