Hong Zhou
ABSTRACT
For different electricity consumers, providing special value-added services suitable for their power consumption characteristics has become one of the effective means for retail electricity providers to enhance their competitiveness. This paper proposes a differentiated electricity price package design for retail electricity providers suitable for the spot market. First, through the establishment of an electricity consumer Value-added Service Applicability Evaluation System, we use the improved TOPSIS method to evaluate the applicability of user value-added services to build the foundation for the customization of a differentiated service plan. Secondly, for users who prefer high reliability and have specific load characteristics, we build a pricing model based on the principle of a reasonable profit. Then, we design an electricity price package, predict the price of the package, and conduct an economic analysis of the package's users. Last but not least, given the objective of maximizing social welfare, we adopt the profit-to-cost ratio as the evaluation index to evaluate the costs and benefits of the electricity price package. The design proposed in this paper will serve as a reference for the future design of retail electricity packages for retail electricity providers in the spot market environment.
- Luo Shuhan, Jiang Chuanwen, Wang Xu, Yang Meng, Wang Jiangbo, Yin Shuo. Electricity purchase and sale strategy and risk assessment of electricity sales companies under the background of new electricity reform. Power System Technology, 2019, vol. 43(03), pp. 944 -953.Google Scholar
- Yang Yongchun, Mu Qitian, Gao Yajing, Xiao Xiangning. Design of power supply service package for electricity sales company considering harmonic control. Electric Power Construction, 2018, vol. 39(07), pp. 32-40.Google Scholar
- Xue Yuntao, Chen Yichao, Li Xiuwen, Wu Huazhao. Combined peak-valley time-of-use electricity price model based on customer satisfaction and Ramsey pricing theory. Power System Protection and Control, 2018, vol. 46(05), pp. 122- 128.Google Scholar
- Yu Xiaobao, Tan Zhongfu, Qu Gaoqiang. Research on the Differential Electricity Price Package Based on Electricity Customer Evaluation. China Electric Power, 2020, vol. 53(02), pp. 9-19..Google Scholar
- Wei Youguo. The latest developments in the UK's offshore wind power support policy. Economic Research Reference, 2017, vol. 12, pp. 38.Google Scholar
- Kang Shouya, Li Jialong, Li Yanshan, Zhu Jianquan, Liang Boye, Liu Mingbo. Source-load coordinated multi-objective generation dispatch model considering peak-valley time-of-use price strategy. Power System Protection and Control, 2016, vol. 44(11), pp. 83- 89.Google Scholar
- Huang Haitao, Wu Jiejing, Gu Danzhen, Wei Fang. Peak-valley time-of-use electricity price pricing model considering load rate grading. Power System Protection and Control, 2016, vol. 44(14), pp. 122-129.Google Scholar
- Liu Zimin, Yang Dan, Feng Yongsheng, Wang Lei. Evaluation of my country's tiered electricity price policy: theoretical analysis and welfare estimation. Price Theory and Practice, 2016 vol. 05, pp. 69-72.Google Scholar
- Ye Ze, Wu Yongfei, Zhang Xinhua, Liu Siqiang, He Jiao. Research on the Tiered Electricity Price Scheme to Solve Cross-subsidy under Demand Response——Based on the Perspective of Social Welfare Maximization. Chinese Management Science, 2019, vol. 27(04), pp. 149 -159.Google Scholar
- Xiao Xianyong, Ma Yuanqian, Mo Wenxiong, Chen Wenbo, Xu Zhong. High-quality power value-added service mode of power grid companies under the background of power sales side liberalization. Journal of Electric Power Science and Technology, 2016, vol. 31(04),pp. 4-10.Google Scholar
Recommendations
Price of Identical Product with Gray Market Sales: An Analytical Model and Empirical Analysis
The sale of genuinely branded products through unauthorized channels also known as gray markets is a growing problem for many firms that operate in separate markets. It is generally believed that the existence of such unauthorized sales will cannibalize ...
The Relationship Between Market Characteristics and Promotional Price Elasticities
Many empirical studies in marketing and economics have estimated brand price elasticities for specific products in markets. Their results indicate that price elasticities seem to differ across brands, product categories, retail outlets, and regions. ...
Behavior-Based Pricing in Vertically Differentiated Industries
We study behavior-based pricing BBP in a vertically differentiated model. Vertical differentiation is innately asymmetric because all customers prefer the higher-quality product when prices are equal. This asymmetry causes BBP to have different ...
Comments