Engineering
8 years ago

Dynamic pricing in electricity to revolutionize Indonesia's energy sector!

Procedia Manufacturing
Dynamic Pricing in Electricity: Research Potential in Indonesia
N.A. Wahyuda, Budi Santosa

Paper Summary

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Dynamic pricing in electricity is a strategy where prices change based on market demand. It can increase revenue for companies and help reduce CO2 and SO2 emissions. In Asia, countries like China, Japan, and Korea have used dynamic pricing in electricity. Different programs like Time of Use and Real Time Pricing are popular. This pricing concept can also work in Indonesia. By managing supply and demand, Indonesia can benefit from dynamic pricing in electricity.