Imperial College London

ProfessorChristosMarkides

Faculty of EngineeringDepartment of Chemical Engineering

Professor of Clean Energy Technologies
 
 
 
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Contact

 

+44 (0)20 7594 1601c.markides Website

 
 
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Location

 

404ACE ExtensionSouth Kensington Campus

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Summary

 

Publications

Citation

BibTex format

@inproceedings{Acha:2016,
author = {Acha, S and Le, Brun N and Lambert, R and Bustos-Turu, G and Shah, N and Markides, CN},
title = {UK half-hourly regional electricity cost modelling for commercial end users},
year = {2016}
}

RIS format (EndNote, RefMan)

TY  - CPAPER
AB - © 2018 University of Minho. All rights reserved. The rising prices of electricity in the UK risks rendering businesses uncompetitive if these costs are not controlled. This issue has created the need to properly comprehend the tariffs and costing framework that influence the total cost of electricity for non-domestic customers. This paper details an open source method to model UK electricity regional costs (MUKERC) for commercial end-users; allowing users to visualise and calculate the cost of the electricity they consume. The methodology consists in a bottom-up model that defines individually all the tariff components and then aggregates them to quantify the cost of a kWh across each half-hour of the day. The disaggregated structure of MUKERC allows users to conduct specific analysis of tariff components and to understand their rich temporal and spatial features. This granularity facilitates understanding which tariffs influence costs more during different time periods. Emphasis is given to showcasing commodity prices and network charges; known as Transmission Use of System and Distribution Use of System tariffs. ‘Representative day’ electricity price curves for different day types, voltage level connections, and across different UK regions for 2016-17 are presented. Outputs from MUKERC can better inform companies on their energy costs and therefore allows them to perform comprehensive and bespoke energy management and energy efficiency strategies as it is possible to understand when and where the cost of electricity is more expensive. Results show that commercial buildings connected at Low Voltage in North Wales and Merseyside and the South West face the highest average electricity prices, whereas consumers connected to High Voltage in London and the North West have the cheapest electricity in the UK. Other significant findings indicate sites connected at low-voltage pay 7.5% more than high-voltage sites, winter weekday costs are 18% higher than s
AU - Acha,S
AU - Le,Brun N
AU - Lambert,R
AU - Bustos-Turu,G
AU - Shah,N
AU - Markides,CN
PY - 2016///
TI - UK half-hourly regional electricity cost modelling for commercial end users
ER -