Towards an understanding of dynamic energy pricing and tariffs

A crucial question is “How complicated can, or should, a dynamic electricity tariff be?” such that it is acceptable to consumers, and offers clear benefits to both consumers and network operators. The `can' and `should' reflect the fact that any ubiquitous technical system is (primarily) designed and implemented by experts, but has to be accepted and operated by non-experts. ADEPT is examining how the information potentially available from smart meters may be exploited to the advantage of both the distribution network operator and the customer. Optimised engineering systems do not necessarily yield the most successful outcomes when put into the public domain. It is the best overall outcome in terms of increased flexibility and energy demand reduction, not the best `engineering solution' which is the desired outcome. The ADEPT project is developing an understanding of the whole interacting system. We present examples relating to potential communication and computing system requirements across a range of operating regimes and scenarios, and indicative data mining applications of energy use in commercial and retail premises.