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- W2113965536 abstract "Under Georgia’s Power’s innovative, two-part marginal priced tariff, customers have demonstrated an uncanny ability to do just this, resulting in a classic win-win for the customer and the utility. The dream of every participant in a capitalistic economy is to buy low and sell high. Those that do so reap significant rewards. But for the majority of us, this simple goal remains illusive. Historically the electric utility industry like most other businesses has not offered customers this availability of buying low and selling high — until recently. In June of 1990, Georgia Power Company quietly requested and was granted approval of an innovative, two-part marginal priced tariff called Real Time Pricing (RTP). Since its inception as a pilot with twenty-five test customers and twenty-five control customers (designed to measure price response characteristics), it has exploded into two permanent tariffs with over 1000 customers and over 4,000 mW’s of load. As the benefits of RTP became known to its customers, GPC hustled to add an hour-ahead RTP to the original day-ahead RTP, and lower the mW tariff requirements in order to share the tariff virtues with as many customers as possible. No other utility in the world promotes RTP and shares it benefits with its customers as does GPC. In fact if you were to add up RTP usage at all other utilities in the U.S., the sum would hardly equal that of GPC’s alone." @default.
- W2113965536 created "2016-06-24" @default.
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- W2113965536 date "1998-01-01" @default.
- W2113965536 modified "2023-09-27" @default.
- W2113965536 title "How to buy low and sell high" @default.
- W2113965536 doi "https://doi.org/10.1016/s1040-6190(98)80020-1" @default.
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