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@inproceedings{Acha:2016:10.1109/ENERGYCON.2016.7514090,
author = {Acha, Izquierdo S and Bustos-Turu, G and Shah, N},
doi = {10.1109/ENERGYCON.2016.7514090},
publisher = {IEEE},
title = {Modelling Real-Time Pricing of Electricity for EnergyConservation Measures in the UK Commercial Sector},
url = {http://dx.doi.org/10.1109/ENERGYCON.2016.7514090},
year = {2016}
}

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TY  - CPAPER
AB  - Electricity bills in the UK are increasing year after year due to power market conditions and they will most likely continue to rise. These high costs are reducing the profitability of businesses and thus efforts on understanding and mitigating these charges are a key concern for companies in order to improve their bottom line. This paper focuses on detailing a comprehensive bottom-up model of electricity commercial bills that generates real-time price curves; thus allowing customers to comprehend the true cost of the electricity they consume. The model provides profiles for different UK regions across various seasons. These insights are valuable because they can be used to inform more accurately energy efficiency programs in terms such as return on investment. By knowing where energy is more expensive it makes it easier to prioritize investments. Results overall show Yorkshire has the highest rates, while the South West has the most expensive peaks. Meanwhile, London and Southern England have the cheapest rates.
AU  - Acha,Izquierdo S
AU  - Bustos-Turu,G
AU  - Shah,N
DO  - 10.1109/ENERGYCON.2016.7514090
PB  - IEEE
PY  - 2016///
TI  - Modelling Real-Time Pricing of Electricity for EnergyConservation Measures in the UK Commercial Sector
UR  - http://dx.doi.org/10.1109/ENERGYCON.2016.7514090
UR  - http://hdl.handle.net/10044/1/38809
ER  -

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Professor Nilay Shah OBE FREng

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