Electricity rates for the zero marginal cost grid

The electricity industry is rapidly changing: costs are increasingly dominated by capital and technology is turning loads into resources. This is similar to the early days of the Internet. Building on rate-structures used in the communications industry, utilities of the future should offer customers...

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Bibliographic Details
Published in:The Electricity journal 2019-04, Vol.32 (3), p.39-43
Main Authors: Lo, Helen, Blumsack, Seth, Hines, Paul, Meyn, Sean
Format: Article
Language:English
Subjects:
Distributed energy resources
Electricity rate design
Power system economics
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Summary:The electricity industry is rapidly changing: costs are increasingly dominated by capital and technology is turning loads into resources. This is similar to the early days of the Internet. Building on rate-structures used in the communications industry, utilities of the future should offer customers a portfolio of service contract options that provide a signal to the utility regarding the type and amount of infrastructure that should be deployed.
ISSN:1040-6190
1873-6874
DOI:10.1016/j.tej.2019.02.010