Variable electricity prices are a component of the price or the entire price that are related to the variability of a market-based price index, for example, a wholesale market clearing price. Applying variable electricity pricing may help consumers participating dynamically in the electricity markets and incentivise demand response more effectivelyThe goal of the study is to propose strategies to be adopted for designing dynamic retail electricity prices and variable distribution and/or transmission tariffs for achieving the objectives of the proposed Directive and Regulation of the new electricity market design with regards to dynamic contracts to be provided to consumers.
Read more: Dynamic retail energy prices
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