TY - JOUR
T1 - Dynamic Pricing in Electricity
T2 - Research Potential in Indonesia
AU - Wahyuda,
AU - Santosa, Budi
N1 - Publisher Copyright:
© 2015 The Authors
PY - 2015
Y1 - 2015
N2 - Dynamic pricing is a pricing strategy in which businesses set highly flexible prices for products or services based on current market demands. Dynamic pricing is popular because of its ability to increase revenue for a company. For the scope of Asia, China, Japan and Korea, are include three countries which pioneered the dynamic pricing application in electricity. There are three different programs are well-known in dynamic pricing in electricity which includes Time of Use (TOU), Critical Price Pricing (CPP) and Real Time Pricing (RTP). Other programs is Peak Rebate Time (PRT). Not just increasing the revenue, dynamic pricing can also be collaborated with environmental issues, such as dynamic pricing of electricity based environment. The main objective of environment based dynamic pricing is to reduce CO2 and SO2 emissions from the combustion of fuels such as coal, gas and oil. This paper is a literature review of various journals published by Elsevier from 2009 to 2015 that specifically discussed electricity pricing. Dynamic pricing concept can also be applied in Indonesia.
AB - Dynamic pricing is a pricing strategy in which businesses set highly flexible prices for products or services based on current market demands. Dynamic pricing is popular because of its ability to increase revenue for a company. For the scope of Asia, China, Japan and Korea, are include three countries which pioneered the dynamic pricing application in electricity. There are three different programs are well-known in dynamic pricing in electricity which includes Time of Use (TOU), Critical Price Pricing (CPP) and Real Time Pricing (RTP). Other programs is Peak Rebate Time (PRT). Not just increasing the revenue, dynamic pricing can also be collaborated with environmental issues, such as dynamic pricing of electricity based environment. The main objective of environment based dynamic pricing is to reduce CO2 and SO2 emissions from the combustion of fuels such as coal, gas and oil. This paper is a literature review of various journals published by Elsevier from 2009 to 2015 that specifically discussed electricity pricing. Dynamic pricing concept can also be applied in Indonesia.
KW - Dynamic pricing
KW - emission reduction
KW - optimization
KW - pricing electricity
KW - revenue management
UR - http://www.scopus.com/inward/record.url?scp=84968750852&partnerID=8YFLogxK
U2 - 10.1016/j.promfg.2015.11.044
DO - 10.1016/j.promfg.2015.11.044
M3 - Article
AN - SCOPUS:84968750852
SN - 2351-9789
VL - 4
SP - 300
EP - 306
JO - Procedia Manufacturing
JF - Procedia Manufacturing
ER -