Distribution Electricity Pricing Under Uncertainty

Responsive pricing under supply uncertainty

Pricing Toll Roads under Uncertainty

We study the toll pricing problem when the non-toll costs on the network are not fixed and can vary over time. We assume that users who take their decisions, after the tolls are fixed, have full information of all costs before making their decision. Toll-setter, on the other hand, do not have any information of the future costs on the network. The only information toll-setter have is historical...

Modeling Optimal Time-differential Pricing of Electricity under Uncertainty: Revisiting the Welfare Foundations

Time-of-day (peak-load) pricing of electricity is an indirect form of load management that prices electricity according to differences in the cost of supply by time of day and season of year. It reflects the costs in a more accurate manner than do the traditional block rate structures, as it logically stems from the marginal cost pricing theory, yet is compatible with the historical accounting ...

Hedonic Pricing under Uncertainty: A Theoretical Consumer Behavior Model

A model of consumer behavior has been formulated by using an additive utility function and the hedonic pricing approach, in a virtual market. Since, there is a time lag between ordering and purchasing products (goods and services) online and receiving them, it means the consumer makes decision under uncertainty. The level of satisfaction with products with distinctive characteristics is describ...

Optimization of electricity production capacity under uncertainty

The task of optimal long-term planning of electricity production capacity considering uncertainty intervals of the base, peak and intermediate loads, and multistage nature of the planning process will be tackled. Theoretical min-max approach to the problem will be given. Model uses dynamic programming and takes into account also constraints on structure of generating capacity and security of su...