| Title |
A Study on the Real-Time Pricing Change and Fuel Mix Change Considering the Customer's Choice on the Smart Grid System |
| Authors |
박성완(Park, Seong-Wan) ; 김발호(Kim, Bal-Ho H.) |
| DOI |
https://doi.org/10.5370/KIEE.2012.61.6.804 |
| Keywords |
Smart grid ; Real time pricing ; Fuel mix |
| Abstract |
This paper presents the economic impact of consumer participation in Real-Time Pricing (RTP). A computer model was developed to analyze the impact of real-time pricing on the average price, electricity sales, and the social welfare. Four revenue reconciliation alternative were introduced to illustrate the effect of RTP. Finally a case study was done to analyze the consequent impact of the dynamic load profile on the long-term fuel mix, and the results were compared with those of 5^{th} national power development plan. |