Half-Hourly Regional Electricity Price Modelling for Commercial End Users in the UK
File(s)Regional Pricing Modelling.pdf (557.83 KB)
Accepted version
Author(s)
Garcia, Aitor Soler
Acha, Salvador
Shah, Nilay
Bustos, Gonzalo
Type
Conference Paper
Abstract
This paper details a methodology to model half-hourly electricity priceprofiles fortheUK commercial end-users; thus allowing consumersto visualize and calculate more accurately thecost of the electricitythey consume.The methodologyconsistsin a bottom-up model that definesindividuallyall the tariff components of the bill and thenaggregatesthemto quantify the cost of a kWh across the day. In this work ,‘representative day’ electricity price curves for different months, day types, voltage levels connections, and regionsinthe UKfrom 2015 up to 2020are presented.Outputs from this work can informcompaniesto better understand their energy costs and accurately perform economic assessments of investments inschemes that reduce emissions andaim towardsreachingnet zero energy buildings. In addition, the disaggregated structure of the model allows specific analysis ofindividual components thus highlighting which elements carry a larger weight on costs across the year; such as network charges originatedfrom distribution and transmission system operators. Due to its multi-variable dependency, the model produces more than5,000 representative day curves. The results show that thosecommercial buildingsconnected to Low Voltage (LV) in North Wales and Merseyside, Northern Scotland, the South West and South Wales face the highest average electricity prices, whereas consumers connected to HV in London and Yorkshire have the cheapest electricity in the UK.
Date Issued
2017-06-24
Date Acceptance
2017-06-24
Citation
2017 ASHRAE Annual Conference Papers, 2017
ISSN
2578-5257
Publisher
ASHRAE
Journal / Book Title
2017 ASHRAE Annual Conference Papers
Copyright Statement
© 2017 ASHRAE www.ashrae.org. ASHRAE Conference Proceedings, June 2017.
Sponsor
Sainsbury's Supermarkets Ltd
Identifier
http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000424438600033&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=1ba7043ffcc86c417c072aa74d649202
Grant Number
CEPSE_P57236
Source
ASHRAE Annual Conference
Subjects
Science & Technology
Physical Sciences
Technology
Thermodynamics
Construction & Building Technology
Publication Status
Published
Start Date
2017-06-24
Finish Date
2017-06-28
Coverage Spatial
Long Beach, CA
Date Publish Online
2017-06-24