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Dynamic Electricity Pricing

For most things people purchase – like toothpaste, books, and televisions – prices don’t change over the course of the day:  Consumers pay the same price regardless of whether they buy it at 8am, 2pm or 10pm.  Residential households in the United States pay for the electricity that they consume like this too:  Regardless of the time of day – 8am, 2pm or 10pm – households pay the same price per kilowatt-hour to power their iPad, run their air-conditioning, or charge their electric vehicle.

There are good policy reasons, however, for favoring dynamic electricity pricing – that is, charging a different price per kilowatt-hour of electricity over the course of the day – rather than time-invariant electricity pricing. One good reason is that there is often a large difference in the demand for electricity during peak periods – say, the middle of the afternoon on a hot summer day –…

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About SMIPP Ltd.

SMIPP Ltd is a DG Independent Power Plant Private Joint Stock Company. 25-60 MW Gas Turbines Power Generators

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