Dr. C. K. Woo and Mr. Gabe Kwok of E3 were co-authors in a recent paper “A Win-Win Mechanism for Electricity Procurement by a Local Distribution Company” published in the Electricity Journal. This paper finds that a time-of-use rate option design allowing a local distribution company’s customers to allocate their consumption to be billed at the fixed and daily-varying TOU rates offers a win-win mechanism for electricity procurement in the face of uncertain spot prices and hedging options.
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