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One Rate Does Not Fit All : An Empirical Analysis of Electricity Tariffs for Residential Microgrids

Title data

Fridgen, Gilbert ; Kahlen, Micha ; Ketter, Wolfgang ; Rieger, Alexander ; Thimmel, Markus:
One Rate Does Not Fit All : An Empirical Analysis of Electricity Tariffs for Residential Microgrids.
In: Applied Energy. Vol. 210 (2018) . - pp. 800-814.
ISSN 1872-9118
DOI: https://doi.org/10.1016/j.apenergy.2017.08.138

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Abstract in another language

Residential microgrids are poised to play an important role in future distributed energy networks.
However, energy retailers have yet to identify effective electricity tariffs to incorporate residential microgrids into the energy value chain. For this reason, we have chosen to analyze a set of twelve representative tariff options retailers might offer in the future. To examine their effects on load profiles and electricity bills, we set up a comprehensive empirical evaluation framework. Our analyses identify three important recommendations for residential microgrid pricing: First, energy retailers should not offer volumetric tariffs as they result in higher electricity bills, encourage sharp peak loads, and fail to fully allocate system costs. Second, they should also be cautious in offering time-varying and especially real-time rates. Although these rates promise slightly lower energy bills for microgrid operators, they can destabilize load profiles if retailers fail to simultaneously introduce peak-moderating capacity charges. Third, energy retailers should consider tariffs with capacity and customer charges, which we find to lower electricity costs, foster peak shaving, and facilitate stable cost allocation.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: Capacity Charges; Electricity Tariffs; Residential Microgrids; Simulation; Smart Electricity Markets; Time-Varying Rates
Institutions of the University: Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Informations Systems and sustainable IT management
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Informations Systems and sustainable IT management > Professorship Business Informations Systems and sustainable IT management- Univ.-Prof. Dr. Gilbert Fridgen
Profile Fields
Profile Fields > Emerging Fields
Profile Fields > Emerging Fields > Energy Research and Energy Technology
Research Institutions
Research Institutions > Research Centres > Forschungszentrum für Modellbildung und Simulation (MODUS)
Research Institutions > Affiliated Institutes
Research Institutions > Affiliated Institutes > Fraunhofer Project Group Business and Information Systems Engineering
Research Institutions > Affiliated Institutes > FIM Research Center Finance & Information Management
Research Institutions > Research Centres
Result of work at the UBT: Yes
DDC Subjects: 000 Computer Science, information, general works > 004 Computer science
300 Social sciences > 330 Economics
Date Deposited: 07 Dec 2017 08:40
Last Modified: 31 Aug 2018 08:41
URI: https://eref.uni-bayreuth.de/id/eprint/40879