Optimal time-related charging in competitive markets with particular reference to electricity

The privatisation of the Electricity Industry in the UK in 1989 created a competitive market in which Public Electricity Suppliers (PESs) compete for customers and negotiate contracts for periods of twelve months or more. Supply costs are recovered by the rates charged to customers and the charging structure affects the degree to which costs are reflected in the terms offered to customers. This thesis develops an approach towards optimal electricity pricing for the PES using actual half-hourly demand and generation cost data. [Continues.]