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In China, the energy pricing mechanism has an insufficient linkage with other energy prices. As a result of the unreasonable price level, it is impossible to exploit fully the substitution elasticity among energy resources and there is a negative impact on achieving energy conservation and energy efficiency. This paper proposes an optimized mechanism for residential energy prices in China, which maximizes...
Demand response to time-varying pricing of electricity is critical to a smart grid's efficient management of electrical resources. This paper presents a new approach to quantify residential demand responsiveness to (time-of-use) TOU rates, which does not entail an econometric estimation of TOU demand equations. Based on one of the four smart grid pilots in China, our approach uses the survey data...
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