Document Type

Journal Article

Department/Unit

Department of Economics

Title

A win–win mechanism for electricity procurement by a local distribution company

Language

English

Abstract

A time-of-use rate option design allowing an LDC's customers to allocate their consumption to be billed at the fixed and daily-varying TOU rates offers a win-win mechanism for electricity procurement in the face of uncertain spot prices and hedging options. Even if all customers have the same risk preferences, the proposed mechanism is Pareto-superior to the tariffs and procurement strategies commonly used in North America. © 2012 Elsevier Inc.

Publication Date

2013

Source Publication Title

Electricity Journal

Volume

26

Issue

1

Start Page

27

End Page

35

Publisher

Elsevier

DOI

10.1016/j.tej.2012.11.017

Link to Publisher's Edition

http://dx.doi.org/10.1016/j.tej.2012.11.017

ISSN (print)

10406190

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