SPOT-PRICING - EVALUATION, SIMULATION AND MODELING OF DYNAMIC TARIFF STRUCTURES

With the privatization of the electric power industry in the UK, great interest is being shown in the likely relationship between suppliers and consumers in the new market scenario for energy sale and purchase. In an effort to improve utility economies, it is expected that greate r use will be made of load management techniques, both direct and indi rect. The use of dynamic or spot-prices offers the means which is most consistent with market economics while still providing the utility wi th a load management alternative whenever necessary.